Hong Kong will set up a virtual asset development specialized group to build the third -generation Internet (Web3) ecosystem with the industry.

According to Sing Tao Daily, the Hong Kong Director Chen Maobo Chen Maobo said on Wednesday (April 12). When attending the event about Web3, it is now the golden opportunity period for the development of web3.Looking at the development of web3 carefully.

Chen Maobo said that the government issued a policy declaration on the development of virtual assets in Hong Kong last October, under the supervision ideas of "the same business, the same risks, and the same rules", let the virtual assets innovate and develop to the greatest extent.

Chen Maobo said that Hong Kong will set up a virtual asset development specialized group to work with the industry representatives to submit suggestions to the government on the sustainable and responsible development of the industry.He believes that web3 can bring benefits to the market and solve the pain points of the society. It is promising that it is expected that all walks of life can work together to build a vigorous Web3 ecosystem.