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Hong Kong’s Web3 Industry Leaders Form New Associations To Promote Virtual Asset Growth and Development

Two new associations, Hong Kong Licensed Virtual Assets Association (HKLVAA) and Web3 Harbour, have been formed by leaders in Hong Kong's Web3 industry. The aim of the associations is to promote growth and development of the virtual asset industry and decentralized internet. The founding board of Web3 Harbour includes industry leaders from Animoca Brands, DLA Piper, and WHub, with PwC Hong Kong joining as a knowledge partner. HKLVAA's founding members comprise representatives from Securities and Futures Commission (SFC)-licensed firms with approval for virtual asset activities in Hong Kong. Both associations are now open for membership applications and plan to initiate community activities, research projects, and educational programs starting in July.

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