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

Odaily Planet Daily News: Hong Kong SAR Legislative Council member Wu Jiezhuang posted on the X platform that in order to promote the development of Web3 and virtual assets in Hong Kong, the Legislative Council earlier established a subcommittee on Web3 and virtual asset development. We are now soliciting opinions from the global industry to propose policy recommendations and thematic discussions on the future direction of industry development. The proposal will be studied in detail and summarized, and will be submitted to the government through the Legislative Council platform. The global industry can provide opinions on the following topics to promote Hong Kong to become a global Web3 center. Web3 policy aspects include: how to balance and promote Web3 basic technology, legal and regulatory framework; how to cooperate with the country to promote Hong Kong to become an internationally connected Web3 center; the integrated development of artificial intelligence and Web3 technology and the improvement of the regulatory system of artificial intelligence; policy and regulatory recommendations 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 assets include: recommending relevant measures that are conducive to the development of the virtual asset industry; how to strengthen the protection of virtual asset investors and consumers and enhance market confidence; the potential application scenarios and risks of stablecoins in Hong Kong, and recommending a regulatory system that ensures financial stability without hindering innovation; exploring the demand for professional custody services for the rise of virtual assets in Hong Kong, and studying corresponding custody methods and regulatory measures.