In the ever-evolving world of finance, cryptocurrency stands at a pivotal crossroads. Once dismissed as a speculative fringe movement, digital assets are now shaping the future of global economic systems. The recent approval of Bitcoin ETFs in the United States has granted crypto a new level of legitimacy, sparking regulatory reconsideration across major financial hubs like Hong Kong. As innovation accelerates, so does the need for balanced oversight that fosters growth while protecting consumers.
This shift was a central theme at the Fortune Innovation Forum, where industry leaders gathered to explore how blockchain technology is redefining the way we invest, transact, and manage digital identities. From decentralized finance (DeFi) to tokenized assets, the conversation highlighted both the transformative potential and complex challenges facing the crypto ecosystem.
The Evolving Regulatory Landscape
Regulation remains one of the most critical factors influencing cryptocurrency adoption. While scandals and market volatility have historically plagued the space, institutional recognition—such as the U.S. Securities and Exchange Commission’s (SEC) approval of spot Bitcoin ETFs—is reshaping perceptions.
Financial centers worldwide are now racing to develop frameworks that encourage innovation without compromising security. Hong Kong, for example, has taken significant steps toward establishing a regulated environment for retail crypto trading, aiming to position itself as a Web3 hub in Asia.
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These regulatory shifts reflect a broader trend: governments and institutions are no longer ignoring crypto—they’re engaging with it. The goal is clear: build trust through transparency, ensure investor protection, and integrate blockchain-based solutions into mainstream finance.
Voices Shaping the Crypto Future
At the heart of this transformation are visionary leaders driving technological advancement and strategic adoption.
Lo Jack Fung – Financial Editor, Fortune
As a financial editor at Fortune and author of the acclaimed book Kings of Crypto, Lo Jack Fung brings deep expertise to the intersection of technology and finance. His work explores everything from banking innovations to cybersecurity threats in the digital asset space. With a background in law and training from Columbia University’s Knight-Bagehot Fellowship in Economics and Business Journalism, Lo offers a uniquely informed perspective on how crypto is reshaping economic systems.
His newsletter, Crypto by Fortune, provides readers with timely insights into market trends, regulatory developments, and technological breakthroughs—making complex topics accessible to both professionals and enthusiasts.
Emily Chiu – Chief Operating Officer, Developer Business at Block
Emily Chiu leads strategic initiatives at Block (formerly Square), where she oversees product management, operations, and business development for the company’s developer platform. Her mission? To empower individuals with ownership over their finances, data, and digital identities through open-source infrastructure.
Under her leadership, Cash App expanded into consumer lending, investment services, and brokerage operations—laying the groundwork for broader financial inclusion. Prior to Block, Chiu founded an edtech startup recognized by the Bill & Melinda Gates Foundation and held roles in private equity at Goldman Sachs.
Today, she serves on the boards of Justworks and Barnes & Noble Education, contributing her expertise in scaling tech-driven enterprises.
Edith Yeung – Partner at Race Capital
As a partner at Silicon Valley-based early-stage fund Race Capital, Edith Yeung has been instrumental in identifying high-potential Web3 startups. Her investment portfolio includes Solana—one of the most successful venture-backed blockchain projects—and other innovators like Lightning Network and Otter.ai.
Yeung also founded FoundersHK, a nonprofit supporting Hong Kong entrepreneurs, and serves on the board of Web3 Harbour. A sought-after speaker on fintech and digital currencies, she frequently appears in media outlets such as CNBC, Bloomberg, and The Wall Street Journal. Her dual focus on Silicon Valley and Greater China gives her a unique vantage point on global tech trends.
Alicia Kao – Managing Director, KuCoin
Alicia Kao has spent over a decade shaping digital marketing strategies in the blockchain space. As Managing Director at KuCoin, she oversees marketing and institutional client relations, focusing on long-term growth and sustainable partnerships.
Since joining in 2019, Kao has played a key role in expanding KuCoin’s global footprint. A passionate NFT collector and advocate for decentralized communities, she believes that education and collaboration are essential to mainstream crypto adoption.
How Crypto Is Reshaping Finance
The implications of blockchain technology extend far beyond speculative trading. Real-world applications are already transforming industries:
- Decentralized Finance (DeFi): Enables peer-to-peer lending, borrowing, and yield generation without intermediaries.
- Tokenized Assets: Real estate, stocks, and commodities can be represented digitally, improving liquidity and accessibility.
- Digital Identity: Self-sovereign identity models give users control over personal data.
- Cross-Border Payments: Blockchain reduces transaction times and fees for international transfers.
These innovations align with a growing demand for financial autonomy—a shift accelerated by rising distrust in traditional institutions.
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Frequently Asked Questions
Q: What is a Bitcoin ETF, and why does it matter?
A: A Bitcoin exchange-traded fund (ETF) allows investors to gain exposure to Bitcoin’s price movements through traditional stock exchanges—without holding the actual cryptocurrency. Its approval signals regulatory acceptance and opens crypto investing to institutional and retail markets alike.
Q: Is cryptocurrency legal in Hong Kong?
A: Yes. Hong Kong has implemented a licensing regime for crypto exchanges serving retail investors, aiming to balance innovation with consumer protection. Licensed platforms must comply with anti-money laundering (AML) and cybersecurity standards.
Q: Can blockchain technology be used outside of finance?
A: Absolutely. Blockchain is being applied in supply chain management, healthcare data tracking, digital voting systems, intellectual property rights, and more—anywhere transparency and immutability are valuable.
Q: Are NFTs still relevant?
A: While the initial hype has cooled, NFTs continue to evolve. They now support use cases like digital collectibles, gaming assets, ticketing systems, and proof of ownership for art and real-world items.
Q: What risks are associated with investing in crypto?
A: Key risks include price volatility, regulatory uncertainty, cybersecurity threats, and scams. Investors should conduct thorough research and consider diversification before entering the market.
Q: How can I stay updated on crypto trends?
A: Follow trusted financial publications like Fortune, The Wall Street Journal, or industry newsletters focused on blockchain developments. Engaging with thought leaders on professional networks can also provide valuable insights.
The Road Ahead: Building Trust Through Innovation
As cryptocurrency matures, the focus is shifting from speculation to utility. The next phase of growth will depend on building robust ecosystems that prioritize security, scalability, and user experience.
Collaboration between regulators, technologists, and financial institutions will be crucial. By fostering responsible innovation, we can unlock the full potential of decentralized technologies—creating a more inclusive, transparent, and efficient global economy.
Whether you're an investor, developer, or simply curious about the future of money, now is the time to understand how crypto is redefining value in the digital age.
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