Hong Kong Finance Minister Paul ChansayIn a blog post, it said that despite the high volatility of the crypto market, it was “the right time” to drive Web3 adoption in the country.
Chan said at the Hong Kong budget planning event. He identified Web3 technology as one of three areas that should be targeted.
Chan said the industry cryptocurrency Reminds him of the early days of the Internet in the 2000s, with its huge “bubbles” bursting and wiping out bad players. As a result, the market is quieter and real use cases can be promoted.
“In order for Web3 to move towards the development of innovation steadily. We will use a strategy that focuses on both ‘Proper regulation’ and ‘promoting development’,” Chan said. In addition to guaranteeing financial security and preventing systematic risks, We will also do a good job on education and investor protection. and anti-money laundering”
Chan stated that Hong Kong would host the meeting. Digital Economy Summit This week, a two-day event focused on analyzing Web3 technology adoption at the state and global level.
refer : LINK
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