As part of Hong Kong’s ongoing commitment to embracing the development trend of Web3, a diverse group of industry and government officials have been formed to oversee the progress of Web3 in the region.
followIn a statement on June 30, the Hong Kong Government established a body of 15 industry participants and 11 key government officials to oversee the development of Web3 with a focus on promoting ethical growth.
“The Finance Secretary has announced in the 2023-24 budget the establishment of a body to advise on sustainable and responsible Web3 development in Hong Kong.”
Hong Kong’s Finance Minister Paul Chan said The agency will enhance Hong Kong’s goal of becoming a leader in the Web3 sector.
“Hong Kong seeks to lead and drive innovation exploration and development. and create more new applications, and strive to bring together top companies and talent to create a thriving ecosystem.”
“With an organization that brings together leaders and experts in relevant sectors, I believe their valuable advice will help Hong Kong develop into a Web3 hub.”
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