Hong Kong to create favorable environment for Web 3.0
Hong Kong to create favorable environment for Web 3.0
On August 15, Hong Kong Chief Executive John Lee Ka-chiu declared the prevailing development vector of virtual assets and emphasized the profound impact of Web 3.0 on future development.
Hong Kong's Chief Executive is committed to promoting virtual asset innovation and embracing Web 3.0.
Mr. Lee emphasized that Hong Kong sees Web 3.0 as a promising direction for the digital landscape that will change the way information is accessed, Coincu reported.
John Li Ka-chiu noted Hong Kong's commitment to fostering an environment conducive to technology and innovation. He said Hong Kong supports an open and inclusive attitude towards virtual assets and technology and advocates dynamic ideas in digital business. This approach is in line with the city's long-standing strategy to take the lead in the financial world.
In his speech, Mr. Lee also highlights the key role of the city government in creating an enabling environment for digital asset companies to grow and thrive in the ecosystem. Hong Kong wants to become a magnet for innovative and enterprising ideas from around the world, so it is creating a favorable environment for them.
Hong Kong's focus on Web 3.0 development is a testament to its foresight. This direction significantly develops the capabilities and enhances the privacy of users, while at the same time being a revolutionary technological shift.
Further reading: Coinbase has officially opened its doors to Canadian users.
