According to Foresight News, Hong Kong Democratic Alliance for the Betterment and Progress of Hong Kong Legislative Council member Chen Zhongni said that he suggested that the government improve the compliance regulatory framework in the Web3 encrypted digital field to protect the rights and interests of investors and promote market fairness and transparency. Through big data, artificial intelligence and other technical means to monitor and warn of risks in the Web3 market, and establish a Web3 industry committee to formulate industry norms and standards and strengthen training for practitioners. "Regulation must be done well to prevent fraud, but we do not want industry regulation to be too strict, and we must strike a balance."