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On June 16, 2022, the World Digital Currency Forum and Hong Kong Digital Currency Academy (HKDCA) had an official opening ceremony at Kowloon, Hong Kong under the theme “New Age, New Technology, New Vision” The discussion forum discussed ways to eliminate economic smog and sought ways to restore economic power under the impact of the COVID-19 crisis as soon as possible.
The agenda for this meeting had gathered leaders in various fields such as political and business sectors, academia, science, and technology in more than 50 countries and regions around the world. Participants expressed their opinions and brought new knowledge and inspiration to the conference, which is considered the first time since the COVID-19 pandemic that Hong Kong has successfully hosted a large meeting of more than 800 participants at the Kerry Hotel in Hung Hom.
Research scholars from all walks of life, including the financial sector and the academic sector participated in the forum. All parties are eager to maintain Hong Kong’s financial stability and hope that Hong Kong will catch up with the improvement and development of blockchain and digital assets in the overall industrial environment. In addition, the forum aims to build a hub for communication between Hong Kong and the world through the Hong Kong Digital Currency Academy (HKDCA), a non-profit organization that provides knowledge exchange activities so that experts from various fields can promote Hong Kong’s development from the backwardness into catching up with global society.
Maria Eugenia Amaya, CEO of the World Digital Currency Forum (WDCF), said WDCF is a forum for government leaders, businesses, and financial leaders around the world to share in-depth information and share their opinions on global challenges from an international perspective and give a role for policymakers to come up with innovative ways to prepare for the future. The forum for this discussion is important to our efforts to break free from the COVID-19 economic haze.
The WDCF was first organized on December 16, 2019, and has been designated as the opening forum of international negotiations on digital currency development. Over the past few years, WDCF has worked to enable global networks to interact, share information, form an alliance, and find solutions through continuous use of technology. This year, WDCF has united with HKDCA to provide a powerful driving force continuously.
Dr. Jason Chan MH, JP, President of HKDCA and co-organizer of the conference, held the opening ceremony of Hong Kong Digital Currency Academy (HKDCA) and said at the conference that HKDCA is responsible for promoting the digital economy, consolidating all parties’ strength to rise to global challenges.
HKCDA was founded in 2021, with strong support from ACU Group and the collaboration of WDCFM and HKDCA teams this year which made HKDCA create a new driving force with three main objectives:
By forming committees including financial technology, application research, technology in international standards, training talented people in law and finance, and marketing, HKDCA will study issues related to digital currencies. At the same time, it will nurture a new generation who have talents in the industry so that the digital economy can be developed sustainably and create a better digital future together by combining individual wisdom.
The forum also invited Pierre Olivier Bakalag from Western Cameroon and Central Africa to give a speech. Olivier shared his personal experience with daily payments and cross-border transfers through digital currency and blockchain during his two years living in Hong Kong and expressed his intention to promote blockchain and digital currency development in poor countries such as Africa through his role as a former professional footballer and now as the founder of Royal Shield Inc Limited. In his speech, he said, “Hong Kong is about 10,890 kilometers from Cameroon. I have seen positive changes caused by blockchain and digital currency, and I want to use my network and knowledge to promote this advanced financial technology. I hope that by contacting representatives from countries where I seek expert advice humbly and learn more, it will be possible to successfully create blockchain and digital currency in Africa. Maybe start with my home country in Cameroon so that many people can enjoy the benefits of advanced financial technology built as soon as possible”
David Schreiber, a leader in the blockchain industry and co-organizer of this forum, provides details on the progress made by blockchain technology to build the Asia Ecology Token (AET) ecosystem.
ACU Group is applying blockchain technology to financial-related ecosystems including payments, exchanges, digital banks and nurturing good blockchain projects.
AET and ACU have collaborated as strategic partners to create an ecosystem of global digital finance. AET operates five core businesses to create the following ecosystem: AET membership return program.
Digital asset trading, digital currency banks, blockchain investment and finally global blockchain education and consulting.
In addition, AET has launched a special community care development program aimed at reaching developing countries to change their lives with technology. Countries or regions selected to participate in the program can directly exchange national currencies with AET to circulate global information.
With the help of the AET network, it will be able to build its own electronic currency system directly. At the same time, ACU Group will provide technical and service support for countries in blockchain, digital currencies and other fields.
During the discussion, lecturers which are Mr. Larry Chiang, Mr. Roy Lam, Dr. Cheney Tsoi, and Louis Loh gave excellent speeches on hot issues such as Digital Transformation, ESG, Digital Economy, and Meta-universe which contributed to taking a new perspective on this meeting and receiving positive feedback from the participants.
In addition, Dr. Jason Chan, MH, JP, Dr. Cheney Tsoi, Mr. Alex Yuen, HKBA president Mr. Tony Tong, Dr. Lo Wai Shun, Mr. Sam Lee, Mr. Victor Lee, Mr. Derek Leung, and Mr. Philip Wong also shared unique insights and made excellent comments on “Digital Economy Development and Opportunities in Hong Kong” and “The Future Development of Web3 Fintech Meta-Universe”.
Shortly, with support from the World Digital Currency Forum (WDCF) and Hong Kong Digital Currency Academy (HKDCA), it will continue to play a good role as a link intermediary to create a hub for digital currency operators and also benefit from exchanging knowledge, learning and communicating with each other, leading new business opportunities to the development of the financial industry in Hong Kong. At the same time, by holding occasional seminars, HKDCA will build connectivity within and outside the industry, strengthen industry unity, promote industrial development continuously, and bring new hope to people affected by COVID-19.
