CipherBC and Beosin Discuss Web3 Compliance and Security During Consensus Hong Kong
February 24, 2025, Hong Kong – As the global Web3 community turns its attention to Hong Kong, CipherBC and its long-time partner Beosin co-hosted the "Regulation-Driven Web3 2025: Compliance and Security Adoption in the Web3 Era" event. This gathering attracted numerous industry leaders, including Hong Kong Customs officials, and legislators, who engaged in in-depth discussions on Web3 compliance, asset security challenges, and innovative solutions.
As one of the premier events in the Web3 industry, Consensus 2025 is being held in Hong Kong for the first time this week, further highlighting the city's status as a leading global hub for Web3 development. This event served as a strong testament to Hong Kong's commitment to accelerating the development of compliance and security frameworks for Web3.
Hong Kong's Web3 Regulatory Developments: What's New in 2025?
Over the past four years, the Hong Kong government has introduced a comprehensive licensing regime for VATPs, with two licensed platforms already in operation. As Web3 matures in 2025, will there be new regulatory initiatives? How will compliance frameworks evolve? These pressing questions sparked intense discussions at the event.
During the keynote session, Leslie, Brand Director of CipherBC, addressed the growing security challenges in Web3 and emphasized how CipherBC leverages MPC technology to provide enterprises with flexible and secure asset protection solutions:
"In the Web3 era, security and compliance are not optional—they are fundamental pillars for sustainable industry growth. At CipherBC, we harness MPC technology to deliver highly customizable digital asset management solutions tailored to enterprises of all sizes. Our offerings empower businesses to protect their assets while maintaining operational flexibility. Our goal is not only to offer secure wallet portfolios but also to help businesses build a flexible, efficient, and fully controlled digital asset management system," Leslie emphasized.
CipherBC x Beosin: Advancing Web3 Security and Compliance
CipherBC remains dedicated to delivering highly adaptable digital asset management solutions for enterprises, whether they require customized, high-tech solutions or standard, easy-to-use options. The company ensures users maintain complete control while benefiting from maximum security and flexibility.
As a leading Web3 security and compliance expert, Beosin gathered local Hong Kong professionals at this event to discuss Web3 regulations, compliance challenges, virtual asset-related crimes, and forensic investigation tools, offering valuable insights for attendees.
Although crypto assets account for less than 1% of the global financial system, their rapid expansion and increasing correlation with mainstream financial markets pose significant risks that cannot be ignored. While Hong Kong and the U.S. may appear to take different regulatory approaches, both jurisdictions ultimately share the same goal—fostering innovation while mitigating financial risks associated with virtual assets.
In response to evolving regulatory landscapes, especially gaining the 8th license TCSP in HongKong lately, CipherBC remains highly adaptable. It leverages cutting-edge security technologies to help enterprises achieve compliance while safeguarding digital assets with an unparalleled level of protection.
About CipherBC
CipherBC specializes in security, scalable digital asset management solutions. With an entire ecosystem of MPC-powered wallets, CipherBC enables businesses to manage their assets efficiently while ensuring regulatory compliance and security.
About Beosin
Beosin is a leading Web3 security and compliance firm headquartered in Hong Kong. The company provides blockchain security auditing, compliance consulting, risk management, and crypto crime investigation tools, delivering professional security and regulatory solutions for businesses and institutions.
For more information, visit CipherBC's official website