Hong Kong Is ‘Embracing’ Web3 With New Task Force by Decrypt

The Government of the Hong Kong Special Administrative Region has established a task force dedicated to promoting Web3 development. Led by financial secretary Paul Chan and comprising government officials, regulators, and industry experts, the task force aims to leverage blockchain technology’s disintermediation, security, transparency, and cost-efficiency to address challenges in finance, trade, and daily life. Hong Kong has been striving to position itself as a Web3 leader, and the task force will provide recommendations for sustainable and responsible Web3 development. Despite its proximity to China, Hong Kong has been actively pursuing crypto-friendly initiatives, including the launch of a Virtual Asset Trading Platform handbook. The government aims to attract top talent and foster a thriving ecosystem in the Web3 space. <a href="https://medium.com/@DigitalVisionBrands/hong-kong-is-embracing-web3-with-new-task-force-by-decrypt-14cdd812e47c">Read More</a>