Hong Kong is a Web3 task force team that will conduct research and provide feedback to build and consciously develop a sustainable cryptocurrency ecosystem. founded.
Hong Kong, one of Asia’s leading actors in crypto money innovation, continues to accelerate its constructive steps towards the crypto money and Web3 sector. In a recent official statement by the government, Web3 And crypto- money a new industry focused “task force” The step taken while it was stated that the sector was established in the healthy development highlighted as important.
1 July The team affiliated to the Ministry of Finance, which started to work as of Web3, blockchain technology And Integration of the cryptocurrency industry with daily life will focus on issues such as next active for 2 years within the team that will operate as key government officials And financial regulators Besides the 15 members from the cryptocurrency industry is also included.
Minister of Finance of the Hong Kong government Paul Chan In his statement on the subject, he detailed the innovative steps of the country in this context with the following statements:
Blockchain technology, which forms the basis of Web3, incorporates important features in terms of security, transparency and low cost. These features have the potential to solve many challenges and hotspots in finance, commerce, business operations, and even everyday life. Believing in the balance between proper regulation and fostering development, Hong Kong aims to build a thriving ecosystem by modeling practice through innovative discoveries.
Chan, the team in question to the 2023-24 budget stressed that it is included and will be directly funded by the Hong Kong government.