Hong Kong forms task force to promote Web3 development HongKong China blockchain
- The government of Hong Kong has announced the formation of a new task force designed to promote Web3 development, citing the potential benefits that blockchain technology offers many industries as the world moves towards a more decentralized internet.
According to the press release, the role of the task force is to provide recommendations on “the sustainable and responsible development of Web3 in Hong Kong.” Chan has been selected to chair the new task force, which is comprised of 11 members from government agencies and 15 advisory members from business and industry sectors.
The launch of the task force is part of Hong Kong's effort to become a global hub for digital asset trading and the broader Web3 industry.
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