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Wu Jiezhuang: Solicit development opinions from the industry to promote Hong Kong to become a global Web3 center

Hong Kong Legislative Councilor Wu Chi-wai stated that to promote the development of Web3 and virtual assets in Hong Kong, the Legislative Council previously established a Web3 and Virtual Asset Development Subcommittee. It is now seeking opinions from the global industry on the theme of policy suggestions and future industry development directions. The proposals will be studied in detail, summarized, and submitted to the government through the Legislative Council platform. The global industry can provide opinions on the following themes to promote Hong Kong as a global Web3 center:Web3 policy:How to balance and promote Web3 basic technology, legal and regulatory frameworks;How to cooperate with the country to promote Hong Kong as a Web3 center connecting the world;The integration and improvement of artificial intelligence and Web3 technology and the regulatory system for perfecting artificial intelligence;Policy and regulatory suggestions for decentralized autonomous organizations (DAOs) to support and regulate the healthy development of DAOs in Hong Kong;How to cultivate and attract Web3 technology and financial innovation talents;Virtual asset:Proposed measures to promote the development of the virtual asset industry;How to strengthen protection for virtual asset investors and consumers, and enhance market confidence;The potential application scenarios and risks of stablecoins in Hong Kong, and the regulatory system to safeguard financial stability without hindering innovation;Explore the demand for professional custody services arising from the rise of virtual assets in Hong Kong, and study corresponding custody methods and regulatory measures.

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