Secretary for Finance Hong Kong: "Blockchain and Web3 - the future of digital technologies" – Bits Media

Hong Kong Finance Secretary Paul Chan Mo-Po expressed support for blockchain technology, non -inspired tokens (NFT) and the Gamefi sector, By calling them breakthrough technologies.

About this Paul Chan Mo-Po (Paul Chan Mo-Po) stated, Speaking at the Digital Entertainment Leaders Forum forum, organized in Hong Kong CyberPort multimedia center for the development of digital technologies.

The official admitted, that thanks to the transparency and invariability of the blockchain, as well as the absence of intermediaries, This technology can be used in various fields: In finance, trade, logistics and even in everyday life. As for games based on the Play-to-Earn model, They can become a new generation of digital entertainment, Mo-Po said.

Finance Secretary noted, that earlier this year for Cyberport from the budget, additional $50 million, To speed up the development of the Web3 ecosystem. The multimedia center is already cooperating with more 180 technological companies, working in Web3, including startups and exchanges. Moreover 20% these companies are foreign.

Earlier, the Hong Kong government has created a target group for Web3 development, which included government officials and participants in crypto industries. Besides, Hong Kong is working on legislation, Favorable cryptocurrency business, Since the administrative district positions itself as the International Center for Digital Assets.

Recall, that in May of the Bureau of Cybersecurity and Technological Crimes of Hong Kong (CSTCB) introduced the platform Cyberdefender Metaverse, to prevent crimes in metavseli and cyberspace.