Hong Kong government establishes web3 task force
The Hong Kong government has created a web3 task force , composed of various market sector representatives and government officials, to draft guidelines for the ethical and sustainable growth of cryptocurrency within the region. The Hong Kong administration has recently launched a web3 task force . The purpose of this initiative is to draft guidelines for the healthy and ethical growth of cryptocurrency in the region, in line with the principles of sustainable development. The group, led by Financial Secretary Paul Chan, is composed of 15 non-official representatives from applicable market sectors, along with key governmental officers and financial regulators. This task force will serve for an initial term of two years beginning from July 1, as stated in an announcement last Friday. Hong Kong government has put together a "task force" to help promote web3 development and adoption the group will be run by the governments financial secretary, and includes regulators, gov...