Hong Kong Proposes Building Blockchain L1 and Promoting RWA Hub!

Creator: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech business since 2017.

Sep 8, 2023 16:23

Hong Kong has introduced 4 coverage suggestions for Internet 3.0 to advertise blockchain know-how within the area. The proposals embody constructing a blockchain L1, expediting the implementation of a stablecoin for Hong Kong, selling the area as a hub for RWA, and supporting the expansion of decentralized finance. This transfer demonstrates the federal government’s dedication to creating the blockchain ecosystem and its underlying infrastructure, signaling Hong Kong’s potential to change into a regional chief in Internet 3.0.