TechFlow, June 23 — According to the South China Morning Post, the Hong Kong Web3 industry organization Web3 Harbour has jointly released the "Hong Kong Web3 Blueprint" with PwC Hong Kong, aiming to accelerate the development of blockchain infrastructure. The blueprint focuses on five key drivers: talent, market infrastructure, standards, regulation, and funding and economic contribution.
Gary Liu, Chairman of Web3 Harbour, said the blueprint primarily guides the private sector's development direction, enabling Web3 technologies and decentralized assets to become a genuine part of Hong Kong's financial infrastructure. Peter Brewin, Partner at PwC Hong Kong, noted that unlike the U.S., which focuses on dollar-pegged stablecoins, Hong Kong's multi-currency approach can help facilitate trade flows between China and countries in the "Global South" and along the "Belt and Road".
The two leaders revealed that five working groups will be established in August, focusing on key areas including stablecoins, fund management, virtual asset trading platforms, legal compliance, and custody and over-the-counter trading.
