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Hong Kong’s Cyberport Attracts Over 150 Web 3.0-Related Companies in the Past Year

June 19 (Cointime) - According to Hong Kong's financial secretary, Paul Chan, Cyberport, a technology business park supported by the government, has received registrations from over 150 Web 3.0-related companies in the past year.

Chan has allocated HK$50 million specifically for Cyberport to attract Web3 companies and promote technology development. Cyberport currently houses over 1,900 digital technology companies, including licensed cryptocurrency exchange Hashkey Group, Web3 venture capital and game developer Animoca Brands, and Ethereum software firm Consensys.

Hong Kong has introduced cryptocurrency trading licensing rules for platforms serving retail investors, and Neil Tan, chairman of the FinTech Association of Hong Kong, believes the city is actively pursuing the virtual asset hub.

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