Animoca Brands founder Yat Siu is one of 15 industry experts invited to serve as advisors to Hong Kong’s Promoting Web3 Development agency, who will be in direct contact with key government officials and financial regulators. to promote the development of the Web3 area
In an exclusive interview with On Cointelegraph, Siu highlighted Hong Kong’s gradual shift in attitude towards crypto and Web3 over the past few years. And this puts the city in a unique position to attract startups and established companies in the country.
In the Web3 competition, Siu said many companies in the sector operate. “under fear” due to lack of regulatory clarity, and it beganThe charges have intensified in recent months after the US Securities and Exchange Commission (SEC) filed a lawsuit against Binance.US and Coinbase for unregistered securities offerings.
“This is in contrast to Hong Kong or other countries like Japan, the Middle East, or even Europe. where the rules are starting to come together.”
Siu said Hong Kong sees a leadership opportunity in terms of driving Web3 development, in contrast to the United States.
Siu told Cointelegraph that he was pleasantly surprised by the large number of Web3 supporters, signaling the city’s willingness to continue promoting the sector.
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