Hong Kong Legislative Council member Qiu Dagen: Legislative update, industry regulation, investor protection and corporate governance are the next steps in Hong Kong's orderly compliance into the Web3 process

Foresight News reported on the spot that at the "2023 Hong Kong Web3 Carnival", Qiu Dagen, a member of the Legislative Council of the Hong Kong Special Administrative Region, said in his keynote speech that Hong Kong's Web3 initiatives are a very important moment, and the technologies and policies of the Web3 industry need to go hand in hand. To build a better economic system. In the past few months, the Hong Kong government has acted very quickly from announcing support for virtual assets to completing the consultation on stablecoins. In addition, the virtual asset service provider licensing system will be officially introduced in June this year, and two licenses have been issued so far. Regarding how Hong Kong can invest in the development of Web3 in an orderly and compliant manner, the next step will be legislative updates, industry regulation, investor protection and corporate governance. In addition, the "14th Five-Year Plan" established Hong Kong as an international innovation and technology center. The elements include the international influence of currency, self-reliance and self-reliance in science and technology, and the leadership of talents. Hong Kong will cooperate with the national development strategy. The first direction is: Unicom digital renminbi and the development of digital Hong Kong dollars and virtual asset services; the second direction is: to improve the transformation of scientific research, in-depth upstream technology research and development, and the innovative application of distributed ledger technology; the third direction is to launch a talent service plan and introduce scientific and technological talents in various ways. "Web3 Festival" (Web3 Festival) is a Web3 event brand jointly launched by Wanxiang Blockchain Lab and HashKey Group, and hosted by W3ME. This year's "Web3 Carnival" will last from April 12 to April 15, and will focus on the core issues of various Web3 tracks such as regulatory policies, Web3 infrastructure, and Metaverse.