“In order for Web3 to steadily take the road of innovative development, we will adopt a strategy that emphasizes both ‘proper regulation’ and ‘promoting development,’” said Chan. “In terms of proper supervision, in addition to ensuring financial security and preventing systemic risks, we will also do a good job in investor education and protection, and anti-money laundering.”
Source: https://www.coindesk.com/web3/2023/04/10/hong-kongs-financial-secretary-declares-now-is-the-right-time-for-web3-adoption/?utm_medium=referral&utm_source=rss&utm_campaign=headlines