Hong Kong Web3.0 in progress

ChainCatcher news, according to the South China Morning Post, "one of the Big Four accounting firms," PwC, along with the industry organization Web3 Harbour, has released the "Hong Kong Web3 Blueprint," emphasizing decentralization, transparency, security, and user empowerment, and aims to fully leverage the "superpowers of Web3" through the development of five key driving factors, including: talent, market infrastructure, standards, regulation, and funding and economic contributions.In addition, Peter Brewin, PwC Hong Kong partner and head of digital assets, announced plans to establish five task forces this August, focusing on important areas of blockchain development: stablecoins, fund management, virtual asset trading platforms (VATP), legal and compliance, and custody and over-the-counter trading.

ChainCatcher news, the Financial Secretary of the Hong Kong Special Administrative Region, Paul Chan, stated at the 2025 Caixin Summer Summit that Hong Kong has launched a licensing system for digital asset trading platforms and a licensing system for stablecoins, and is advancing regulatory arrangements for custody and over-the-counter trading. "This month, we will publish the second policy declaration regarding the development of digital assets in Hong Kong, focusing on the integration of financial services and innovation, and expanding the application scenarios of digital assets," (Shanghai Securities Journal)