Hong Kong Sets Up Task Force to Champion Ethical Advancement of Web3

In a bid to promote ethical progress within the Web3 realm, Hong Kong has unveiled a dedicated task force. This influential group, consisting of 15 industry experts and 11 government officials, will spearhead sustainable and responsible development in the region, according to media reports.

Financial Secretary Paul Chan expressed Hong Kong's aspiration to lead the way in the Web3 sector. He emphasized that the task force's formation would bolster the region's standing as a pioneering hub for innovative exploration and development.

Hong Kong's overarching goal is to cultivate a thriving ecosystem by attracting exceptional companies and talent in this burgeoning field.

The market has embraced this initiative with optimism.

#hongkong #web3.0