Hong Kong’s speedily embody of cryptocurrency and Web3 technology displays predominant traits in mainland China, in step with Animoca co-founder Yat Siu. Siu pointed to China’s Web3 whitepaper liberate in Could well simply, showcasing the nation’s focal point on recordsdata superhighway tech. Hong Kong’s crypto-pleasant guidelines hold garnered attention in mainland China, providing a capability pathway for Asian countries treasure Japan, Korea, and China to area US tech dominance. Siu believes Web3 supplies an opportunity for breaking away from US-centric technologies.