Huang Weilun: More than 220 Web3-related companies from over 20 countries and regions including the mainland, Europe, and the United States have established offices in Hong Kong

ChainCatcher news, Hong Kong's Under Secretary for Financial Services and the Treasury, Huang Weilun, stated that over 220 Web3-related companies from more than 20 countries and regions, including the mainland, Europe, and the United States, have established offices in Hong Kong. These include virtual asset exchanges, blockchain infrastructure companies, blockchain cybersecurity companies, virtual currency wallet and payment companies. The SAR government will strike a balance between promoting development and appropriate regulation, especially in the virtual asset sector, where a comprehensive and clear regulatory framework is key to promoting the sustainable development of virtual assets.