Crypto’s Big Shift: China Draws Global Crypto Projects

• TechFlow report indicates the growing interest in crypto projects for China.
• Many global crypto projects are now considering the potential of the Chinese market more seriously, due to Hong Kong’s more crypto-friendly regulatory framework.
• Venture funds with Chinese backgrounds have become dominant forces in the Asian-Pacific crypto scene and there is significant purchasing power from Chinese speaking populations outside mainland China.

Shift Towards China

TechFlow report indicates a growing interest in crypto projects for China. Despite the country’s strict regulatory framework, global crypto projects have started considering the potential of the Chinese market more seriously due to Hong Kong developing a more crypto-friendly regulatory framework.

Venture Funds With Chinese Backgrounds

Venture funds with Chinese backgrounds benefit most from this change in attitude thanks to the size of the Chinese market. These funds dominate the Asian-Pacific crypto scene, such as HashKey Capital, Fenbushi, SNZ Holding, and Animoca Brands. However, these funds are not consolidated and consequently do not have as much influence as they could otherwise have.

Non-Mainland Market

While targeting mainland China is important, there are other regions with significant Chinese-speaking populations that cannot be overlooked. These include Hong Kong, Taiwan, Singapore, Malaysia and communities in North America and Europe who all demonstrate strong purchasing power and many developers making them attractive for various Layer1 ecosystems.

Crypto Marketing In China

The report emphasizes understanding China when it comes to marketing cryptos as it is an important factor when aiming at success in this area. It is necessary to be aware of their regulations even if they can be challenging sometimes as well as take into account how different regions outside mainland China may influence this industry and its growth opportunities.

Conclusion

China’s regulations prompt a shift from local to international platforms for Chinese-speaking users and influencers which presents opportunity for venture funds with strong ties to this culture while also allowing different regions outside mainland China to become influential players in this industry by demonstrating strong purchasing power and having a great number of developers making them attractive for various Layer1 ecosystems