Hong Kong Cyberport CEO: Has helped Web3 companies open bank accounts

Odaily Planet Daily News Hong Kong Cyberport Chief Executive Ren Jingxin said in the latest interview with "Finance730" that the Hong Kong government has actually "made an exception" to promote Web3 and virtual assets, and it is definitely possible to see that the third-generation Internet will bring disruptive changes to long-term technology. Therefore, it is quite far-sighted to promote, and Hong Kong Cyberport has become a Web3 base in Hong Kong. Most of the companies are from overseas, and more than 200 companies have engaged in Web3 business. Ren Jingxin also said that financial institutions may need time to adjust policies and risk control measures, but Hong Kong Cyberport itself has two virtual banks, and has helped Web3 companies open bank accounts. Responding to former Hong Kong Monetary Authority chief executive Yam Chi-gang’s statement that “virtual assets are casinos,” Ren Jingxin responded that Ren Zhigang mistakenly equated the government’s promotion of Web3 with encouraging virtual currency hype, but many Web3 applications are not cryptocurrencies, let alone hype.