Hong Kong Launches a Supervisory Committee to Advance Web3 Technology

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Hong Kong has taken a significant step towards fostering the growth of Web3 technology by establishing a supervisory committee. This committee comprises industry and government officials who possess expertise in finance, blockchain, and advanced technology and representatives from the Innovation and Technology Bureau. Their primary goal is to formulate regulations and guidelines that will stimulate the expansion and adoption of Web3 among investors in Hong Kong. By embracing innovative technologies like blockchain, Hong Kong aims to bolster its financial development.