Now that Hong Kong has established “regulatory clarity”, the lack of which is so often bemoaned by the crypto community, it appears poised to establish itself as an Asian crypto center.

At least one bank is leaning towards developing it on a permissioned blockchain.

Chinese banks are opening bank accounts for regulated crypto companies, with several acting as a payment layer for the crypto platforms.

The fund has a scale of $10 million and aims to encourage more companies to settle in Hong Kong by combining blockchain and artificial intelligence to provide a convenient and cost-effective platform.

Keith Choy delivered a major speech on the Hong Kong government's attitude towards increased regulation of DeFi.

CEO of the Hong Kong Web3Hub Fund announced the launch of a $100 million Web3 ecosystem fund, which will invest in global projects and promote the development of global Web3 standards, based in Hong Kong.

The Hong Kong/Shanghai Co-operation Conference celebrated its 20th anniversary with the launch of the "Foresee · Future - Sci & Tech Interconnection" digital asset on CryptoNatty's Launch Tower.

Hong Kong's ZA Bank, the largest virtual bank by assets, is set to offer crypto account services and facilitate crypto-to-fiat exchanges.

In the face of the trend towards Web3.0, Hong Kong must be brave enough to become leaders in this wave of innovation.