1 year ago
The Hong Kong Government established a task unit for promoting Web3 development, according to a property merchandise on Friday.
The task unit is being chaired by Financial Secretary Paul Chan and comprises of 15 non-official members from applicable sectors and cardinal authorities officials on with fiscal regulators volition participate.
"The blockchain exertion that underpins crypto is secure, transparent, debased outgo and has the imaginable to lick galore hard problems successful finance, concern operations and trade," Chan said successful the property release.
The Government said it would designate $6.4 cardinal (HK$50 million) successful February to develop its Web3 ecosystem and besides announced the commencement of a virtual plus taskforce.
Edited by Parikshit Mishra.
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