Hong Kong Treasury Official: Digital Assets Are a Long-Term Asset Class
Joseph Chan, Under Secretary for Financial Services and the Treasury, affirmed at the Web3 Consensus conference that the government remains committed to fostering the digital asset sector.
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Terms & Concepts
Web3: A vision for a new iteration of the World Wide Web based on blockchain technology, incorporating concepts such as decentralization and token-based economics.
Digital Assets: Intangible assets that are created, traded, and stored in a digital format, often utilizing blockchain technology, including cryptocurrencies and tokenized real-world assets.