Hong Kong recently acquired the services of King Leung as a FinTech Advisor to explore opportunities in the global crypto industry and opportunities it offers. King Leung recently visited Japan to seek advice from policymakers and regulators in order to understand the idea behind Web 3 digital assets. The Hong Kong government had previously announced plans to establish itself as a premier cryptocurrency center and develop a crypto-friendly regulatory framework.

The meeting with policy makers and industry players provided King Leung with a holistic understanding of the rationale behind Japan's regulations regarding digital assets. He further discussed the idea of monetizing digital assets, including tokenized bonds and tokenized revenue streams from internet protocols to generate revenue. King returned to Hong Kong with statistics about the surge in Web3 related events during March and April.

Regarding the government's effort and readiness to address issues such as tokenization and digital asset, King Leung commented on the Industry's natural inability to satisfy the needs of the market. Despite June 1st being a substantial period for the government to have executed the projects, King says that the powers that be need to prioritize, and focus on the high impact projects to provide the best results for the industry.

Overall, it is safe to say that the Hong Kong government is taking major steps towards ensuring the success of the cryptocurrency industry with the help of FinTech advisor King Leung. He has provided the necessary information to help the government progress with the regulations and policies needed to establish the city as an international hub for digital assets and web3 technology.



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