2023-05-31 08:56:15
Beijing published its Web3 White Paper
The Beijing Municipal Science and Technology Commission has published its own Web3 White Paper on Innovation and Development, according to local reports.
Beijing aims to become an international innovation center for the digital economy. The document describes Web3 as "an indispensable trend for the future development of the Internet industry." It also emphasizes Beijing's desire to strengthen political support and accelerate technological breakthroughs for the development of the Web3 industry.
The Chaoyang District plans to invest at least 100 million yuan (more than $14 million) annually in the initiative until 2025. The announcement was made by the Zhongguancun Science and Technology Center, known as "China's Silicon Valley."
Hong Kong Securities and Futures Commission (SFC) is going to officially allow retail investors to trade in cryptocurrencies from June this year. Thanks to the development of the industry, the Hong Kong authorities plan to return the region to the status of the financial and cryptocurrency center of Asia.
Changpeng Zhao, head of the cryptocurrency exchange Binance, recently said that after China's Central Television CCTV broadcast a story about cryptocurrency, "all of China is literally buzzing. Now he noted the "interesting timing" of the news amid upcoming events in Hong Kong.
Earlier, the Hong Kong Cybersecurity and Technology Crimes Bureau (CSTCB) launched the CyberDefender Metaverse platform to inform the public about the dangers of the Web3 industry and metasites.
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