Hong Kong Web 3.0 Association Advocates for Digital Asset Development The

Hong Kong Web 3.0 Association Advocates for Digital Asset Development The Hong Kong Web 3.0 Association is urging the government to take proactive measures in supporting the development of digital assets by proposing the establishment of an interdepartmental working group. The group’s purpose would be to study, formulate, and implement policies, laws, and measures that foster the growth of digital assets within the region. Chen Delin, the President of the Hong Kong Web 3.0 Association, presented this proposal as part of the association’s recommendations for the policy address. Creation of an Open Permissioned Blockchain Public Chain: The association calls for the development of an open, permissioned blockchain public chain that is both independently controllable and trusted by the public in this nation. Such a blockchain infrastructure would lay the foundation for secure and transparent digital asset transactions. Enhancement of Web 3.0 Professional and Technical Competence: Hong Kong’s technical capabilities in the realm of Web 3.0 should be bolstered, enabling the region to remain at the forefront of technological advancements in this space. Expedited Implementation of a Hong Kong Stablecoin: The proposal encourages the acceleration of efforts to introduce a stablecoin native to Hong Kong.