3.0 ecosystem develop rapidly. As a global financial center, Hong Kong has a unique advantage in developing Web 3.0. We hope to leverage our experience in the traditional financial field to promote the development of the Web 3.0 ecosystem in Hong Kong and

Fund (Hong Kong) General Manager Li Jian

's government actively promoting the development of Web 3.0 and virtual assets over the past two years. Clear regulatory policies and a supportive environment have attracted a large number of Web 3.0 enterprises and talents to Hong Kong, forming a vibrant and prosperous Web 3.0 ecosystem. In the future, we hope that Hong Kong will continue to strengthen cooperation with various regions and institutions, jointly promote the standardized development of the Web 3.0 industry, and contribute to the construction of a global Web 3.0 hub."

------ Hu Dong, CEO of HashKey Group

"Hong Kong is a pioneer in Web 3.0 development among global financial centers. In the past two years, the government has introduced a series of forward-looking policies, including the establishment of a licensing system for virtual asset trading platforms and the promotion of stablecoin legislation. These measures have provided a solid foundation for the healthy and sustainable development of Web 3.0 in Hong Kong. In the future, we hope that Hong Kong will continue to lead the way in Web 3.0 innovation and contribute to the development of a new generation of the digital economy."

------ Chen Weixing, CEO of Amber Group

"In recent years, Hong Kong has made remarkable achievements in promoting Web 3.0 development. The government's clear policy stance, strong support for innovation, and efficient execution have created a favorable environment for the industry's growth. As a leading Web 3.0 media based in Hong Kong, MetaEra has witnessed the rapid development of the Web 3.0 ecosystem in Hong. We are honored to contribute to the industry's growth and look forward to continuing our efforts in promoting Hong Kong's Web 3.0 development on a global stage."

------ MetaEra Founder and CEO Lesean

output:On October 31, 2022, an online AMA titled "The Tide Rises in Hong Kong: Interpretation of Hong Kong's Major Crypto Policy" was launched on Twitter Space. This one-hour live broadcast gathered many heavyweight figures from the Chinese blockchain community, with hundreds of thousands pouring into the live room, resembling a carnival, as if shouting for the departure of a great ship.

At that time, the Hong Kong SAR government had just released the "Policy Declaration on the Development of Virtual Assets in Hong Kong," in which the government clarified its policy stance and guidelines: it would cooperate in legal and regulatory systems to provide a conducive environment.

In the blink of an eye, two years have passed. Web 3.0 in Hong Kong has begun to develop at an unstoppable pace from what was once a spark. That live broadcast with hundreds of thousands of viewers was the starting point of MetaEra's dream and also our original intention to stay in Hong Kong. Since its establishment, MetaEra has clearly positioned itself as a "globally leading media based in Hong Kong," with influence radiating across Asia and even globally.

In early December 2024, Kong Jianping, director of Hong Kong Cyberport Management Company and chairman of Nano Labs, shared at a forum: "First, there was Hong Kong's positive attitude, and then the Trump administration's development of digital currency, which led to Bitcoin's price quickly breaking through $100,000. I have long been optimistic about Hong Kong's development in the digital crypto field and even the entire Web 3.0 sector; Hong Kong may surpass New York to become the world's financial center."

Such views are not unfounded. Looking at the development of Web 3.0 in Hong Kong in 2024, it is not only building a more stable and convenient market environment but also leveraging its long-standing advantages as a financial center.

Orderly Compliance, Steady Progress

Unlike other regions, Hong Kong's advancement of Web 3.0 is orderly and compliant. To avoid reckless growth, while providing freedom, it focuses on legal updates, industry regulation, issuing licenses, and promoting stablecoins. Especially as an established financial center, Hong Kong's strict regulations and transparent standards for financial licenses and Virtual Asset Service Provider (VASP) licenses provide a safer way for relevant clients. On June 1, 2023, the Hong Kong government officially opened the application for VASP licenses and required virtual asset service providers to submit their license applications by February 29, 2024. As of December 18, 2024, there are seven licensed Virtual Asset Trading Platforms (VATP) in Hong Kong, including OSL Exchange, HashKey Exchange, HKVAX, Cloud Account Greater Bay Area Technology (Hong Kong), DFX Labs, Hong Kong Digital Asset Trading Group, and Thousand Whales Technology.

Stablecoins, as a type of virtual asset aimed at maintaining a relatively stable value against certain assets (usually currencies), can further stimulate the interconnection between Hong Kong's traditional finance and virtual asset markets. In January 20