The Subcommittee on Issues Relating to the Development of Web3 and Virtual Assets of the Hong Kong Legislative Council has announced the election results for its chairman and vice-chairman. According to Legislative Council document CB(1)769/2024, Legislative Council Member Dr. Johnny NG Kit-chong has been successfully elected as the Chairman of the Subcommittee.
The primary purpose of establishing the Subcommittee on Issues Relating to the Development of Web3 and Virtual Assets is to review the application and development of Web3 and virtual asset technologies in Hong Kong, and to make recommendations on the implementation of relevant regulations and policies.
The first meeting of the Subcommittee will be held on Monday, June 17, 2024, from 4:30 PM to 5:00 PM in Conference Room 2A of the Legislative Council Complex.
About Web3Labs
As a one-stop gateway for Web3.0 startups, Web3Labs aims to respond to the policy declarations of the HKSAR government and assist global Web3 companies in establishing themselves in Hong Kong through landing services, investment acceleration, technical cooperation, and compliance support. Web3Labs currently has offline incubators in Hong Kong, Singapore, Korea, Hangzhou, Beijing and other locations to help Web3 companies expand their international presence from Hong Kong.
Web3Labs has under its umbrella three vertical investment entities: Satoshi Labs, which invests in the Bitcoin ecosystem; ICC Camp, which is deeply engaged in the GameFi sector; and AIFocus, which focuses on AI+Web3 and the DePin field.
