Hong Kong invites global opinions on web3 and virtual assets future
The Hong Kong Legislative Council is actively seeking feedback on several critical aspects of Web3 policy development, including balancing technical, legal, and regulatory frameworks.
Hong Kong Legislative Council member Johnny NG Kit-Chong has said that opinions are now being sought from the global industry to propose policy recommendations and thematic discussions on the future direction of Web3 and virtual assets industry development.
According to a post on the X social platform, the Legislative Council established a subcommittee on Web3 and virtual asset development to promote the development of Web3 and virtual assets in Hong Kong.
The proposal will be studied in detail, summarized, and submitted to the government through the Legislative Council platform. This initiative aims to shape Hong Kong’s policy and regulatory landscape, positioning it as a global hub for Web3 innovation.
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Author: Amaka Nwaokocha
