Coin

<ul class="news-points">
 <li>An advisory group spots stigmatization as a challenge in promoting Web3 in Hong Kong.</li>
 <li>The advisory group comprises 12 leaders from the technology sector.</li>
 <li>The group recommends the timely creation of appropriate and effective regulatory systems.</li>
</ul>
Hong Kong’s “Technology Crime Police Advisory Group” identifies stigmatization as a key challenge in fostering Web3 growth in the region. The group asserts that inaccurate labeling of web3 concepts like blockchain and cryptocurrency creates mix-ups about their role in both legitimate and illicit activities.
Established by Hong Kong police in December 2022, <a href="https://std.stheadline.com/daily/article/2599345/%E6%97%A5%E5%A0%B1-%E6%B8%AF%E8%81%9E-%E8%AD%A6%E6%94%BF%E9%A1%A7%E5%95%8F%E4%BF%83%E6%8F%90%E9%AB%98%E5%85%AC%E7%9C%BE%E5%B0%8D%E8%99%9B%E6%93%AC%E8%B3%87%E7%94%A2%E8%AA%8D%E7%9F%A5-%E5%8A%A0%E5%BC%B7%E9%A2%A8%E9%9A%AA%E6%84%8F%E8%AD%98" target="_blank" rel="noopener noreferrer nofollow">the advisory group</a> consists of 12 technology sector leaders. Their mission is to inform the police about the latest information technology developments, providing early insights into the rapidly changing tech landscape.
In March, the group convened its fifth meeting to discuss web3 development trends, focusing on the technology and its associated risks. The advisory group emphasized Hong Kong’s active involvement in promoting web3 and blockchain technology.
According to the group, Hong Kong’s web3 engagement extends beyond the virtual asset market, encompassing …
The post <a href="https://coinedition.com/police-advisory-group-urges-hong-kong-to-combat-web3-misconceptions/" rel="noopener noreferrer nofollow">Police Advisory Group Urges Hong Kong to Combat Web3 Misconceptions</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Police Advisory Group Urges Hong Kong to Combat Web3 Misconceptions

Coin Edition

Other articles published on Jun 1, 2024

Solana (SOL) Targets $216, Ethereum (ETH) Eyes $4.8k, and Furrever (FURR) Token Offers 25% Bonus ...

Why Investors Are Excited About This Meme Coin

ChatGPT-4o predicts Bitcoin’s price if NYSE approves BTC trading

Innocent Trump (INOTRUMP) to Explode 12,000% as KuCoin Listing Announced, While Shiba Inu and Dog...

Crypto Trader Makes Massive Profits on Trump-Inspired Meme Coins

Crypto Expert Predicts Algotech Surge to $1 as Viral AI Presale Outshines DOGE Price Volatility &...

Join our free newsletter for daily crypto updates!