The post Hong Kong Proposes Building Blockchain L1 and Promoting RWA Hub! appeared first on Coinpedia Fintech News
Hong Kong has announced four policy recommendations for Web 3.0 to promote blockchain technology in the region. The proposals include building a blockchain L1, expediting the implementation of a stablecoin for Hong Kong, promoting the region as a hub for RWA, and supporting the growth of decentralized finance. This move demonstrates the government’s commitment to developing the blockchain ecosystem and its underlying infrastructure, signaling Hong Kong’s potential to become a regional leader in Web 3.0.
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