Hong Kong financial secretary Paul Chan emphasized that despite the fluctuations in the crypto market, progress in Web3 technology is significant.
After the activities in Web3 technology gained momentum, comments on the subject started to come from many companies and countries. Hong Kong, which has come to the fore with its moves in the crypto industry in recent weeks, also closely follows the developments in the Web3 field. Paul Chan, Hong Kong’s financial secretary, expressed his views on the situation, saying, “Serious steps will continue to be taken on behalf of the Web3 ecosystem. Now is the time to move forward with this technology.” made statements.
Increasing Interest in Web3
As of today, Bitget, one of the famous crypto exchanges, has started a fund for Web3, which is an indication of the interest in this field. The comments of the Hong Kong financial secretary as “It’s time to develop on the Web3 side” show that the vitality on this side is increasing.
In a blog post on April 9, Paul Chan stated that one of the three main goals he proposes for the city’s finances is the further development and implementation of Web3. In addition, Chan said that “Hong Kong” will adopt a strategy that emphasizes both “proper regulation” and “promoting development” so that Web3 takes a steady development path.” expressed.
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