Deputy Financial Secretary of Hong Kong: We will continue to collaborate with more industry participants to promote the development of the Web3 industry in Hong Kong

During his speech at the opening ceremony of the Web3 Carnival in Hong Kong, the Deputy Financial Secretary for the Hong Kong Special Administrative Region, Wong Wai lun, stated that "Web3 is revolutionary and Hong Kong will develop in a stable, sustainable, and responsible manner. Hong Kong mainly focuses on two areas in the development of Web3. The first is support for Hong Kong's virtual asset trading platform, and the second is support for Web3 developers. The Hong Kong government is revising a law to include virtual asset OTC trading in rule of law regulation, and the proposed law is being formulated. In addition, Hong Kong will also allow intermediaries to provide eligible virtual asset, futures, and ETF trading. In the future, Hong Kong will continue to cooperate with more industry participants, use more insights to bring more possibilities to Hong Kong and promote Hong Kong's development." The development of the Web3 industry. "