Beijing has published a study to support the development of the Web3 industry.
The cryptocurrency and blockchain industry is being reshaped with news feeds from Asia. Hong Kong, in particular, draws attention with the steps it has taken in crypto money trading. From June 1, there is a great interest in Hong Kong, where individual investors can buy and sell cryptocurrencies.
In the midst of all these processes came a new study from the Beijing government. Beijing has published a white paper supporting the development of the Web3 industry.
Beijing Doesn’t lag behind Hong Kong
Beijing has attracted attention by publishing its Web3 whitepaper at this time when Hong Kong is being talked about a lot.
Beijing, the capital of China, has created a Whitepaper supporting Web3 innovation and the development of this technology. According to the news in a local media channel, Beijing created a bombshell effect with its Web3 Innovation and Development Technical Report (2023). This document states that Web3 technology is inevitable for the future internet industry.
The Commission plans to put Beijing in an important position in terms of the digital economy. In the report prepared in this context, it is stated that Beijing will support the Web3 industry.
Sharing his views on the subject, Binance CEO Changpeng Zhao (CZ) stated that the study published by Beijing is meaningful about timing. CZ described the arrival of work from Beijing as “interesting” as Hong Kong prepares for June 1.
https://twitter.com/cz_binance/status/1662334590332153868
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