Hong Kong’s crypto stance: Execs weigh in on Web3 in the region By Cointelegraph

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Hong Kong’s crypto stance: Execs weigh in on Web3 in the region

Published Aug 17, 2023 09:08AM ET Updated Aug 17, 2023 10:40AM ET

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Hong Kong’s crypto stance: Execs weigh in on Web3 in the region

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The Chinese special administrative region of Hong Kong is aiming to become a leading crypto hub, as the region started to promote the development of Web3. At the same time, its securities regulator has begun to actively regulate the crypto space, awarding licenses for retail crypto trading.

On June 30, the Hong Kong government announced that it established a task force that will be in charge of ethically promoting the development of Web3 in the region. The team will include 11 key government officials and 15 industry participants.

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