Call for Web3 and Virtual Asset Policy Ideas in Hong Kong 🌐💰
The Legislative Council (LegCo) of Hong Kong is reaching out to gather suggestions on web3 and virtual asset policies to drive industry growth. Recently, a Subcommittee on Web3 and Virtual Asset Development was established by Johnny Ng, calling for industry insights and policy proposals.
Hong Kong LegCo Subcommittee Calls for Suggestions 📢
– Key areas include balancing foundational technologies and regulatory measures
– Emphasizes the need for infrastructure supporting tech advancement and legal compliance
– Collaboration with national efforts to position Hong Kong strategically
– Integration of AI with web3 tech and enhancing AI regulatory systems
– Policy recommendations for decentralized autonomous organizations (DAOs) and talent cultivation
Advancing Web3 and Virtual Asset Sectors 💡
– Strategies for fostering the virtual asset sector through favorable policies and infrastructure
– Focus on protecting virtual asset investors with robust regulatory frameworks
– Addressing potential uses and risks of virtual assets in Hong Kong
– Highlight on professional custody services demand and research into appropriate custody methods
Hot Take: Embracing Web3 and Virtual Assets in Hong Kong 🚀💼
The call for policy ideas in Hong Kong’s web3 and virtual asset landscape signifies the growing importance of embracing this innovative ecosystem. By seeking industry input and proposing regulatory measures, Hong Kong aims to position itself as a hub for digital asset innovation and development. Collaboration with national efforts, integration of AI technologies, and ensuring investor protection are key steps in advancing this sector. The establishment of the Subcommittee on Web3 and Virtual Asset Development reflects Hong Kong’s commitment to fostering growth and innovation in the virtual asset space.
Sources:
– https://twitter.com/Johnny_nkc/status/1407372928807466502
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