Hong Kong Financial Secretary Paul Chan: Cyberport has currently gathered over 210 Web3.0 companies

ChainCatcher news, according to reports, Hong Kong's Financial Secretary Paul Chan stated in his speech at the Web3.0 Security Technology Summit that Cyberport has currently gathered over 210 companies engaged in Web3.0. Their founders come from more than 20 countries and regions around the world, actively applying relevant technologies in various aspects of life and business, ranging from payment systems, blockchain network security, to digital entertainment businesses, covering a wide range of industries.

Paul Chan emphasized the need to seriously address and confront how to construct an effective regulatory framework while avoiding different risks, whether it be the spillover effects of the collapse of large overseas trading platforms or the implications of local scams. It is essential to proactively identify and eliminate risks, and to strengthen investor education comprehensively. In addition, he hopes to seek more new applications, new services, new models, and new products with an open attitude, maintaining a stable safety baseline, and with the flexibility of cross-sectoral understanding. The innovation and mutation of technology make cross-border collaboration the key to responding to technological innovation.