After the Beijing Science and Technology Commission published a detailed prospectus on Web3 development, Binance CEO Changpeng Zhao (CZ) made an interesting emphasis.
China’s capital Beijing’s Science and Technology Commission, Web3 to large audiences explain and develop in a healthy way to continue a prospectus (whitepaper) published. According to the content of local news agency The Paper, the innovation and development of the web3 industry to encourage This prospectus aimed at bringing many details with it.
Binance CEO CZon the subject via social media in the statement He reminded that Hong Kong will pave the way for individual and institutional customers to trade cryptocurrencies on June 1, and emphasized that this step from Beijing is an interesting timing:
The Beijing government technology committee published a prospectus in line with the expectation of developments if we happen on the Hong Kong side on June 1st. This is interesting timing.
presented by the Commission “Web3 Innovation and Development Prospectus (2023)” emphasized the value placed on Web3 and stated that they aim to build Beijing as a global innovation center for the digital economy. Committee director Yang Hongfu told the city’s Chaoyang district for this purpose. 2025 annually until at least 14 million dollars investment was emphasized.
On the other hand, this prospectus and the statements made come from an institution within the Beijing government that does not have much of a say. According to market experts of china still in the main development target metaverse And artificial intelligence technologies such as