Foresight News on-site report: Hong Kong Special Administrative Region Secretary for Financial Services and the Treasury, Christopher Hui, responded to the question of “how to attract blockchain foundations and their technical teams to settle in Hong Kong” at Consensus 2026. He stated that the Hong Kong government is very welcoming of Layer 1 protocols establishing bases in the city, which will further strengthen Hong Kong’s position as a Web3 hub. He explained that the previous lack of foundations and teams setting up in Hong Kong was mainly due to pandemic-related restrictions. These obstacles have now been removed, and hundreds of Web3 companies are currently operating in Hong Kong.
Hui emphasized that the Hong Kong government will continue to strengthen its relationships with major blockchain protocol organizations and leverage existing pro-business policies to actively invite them to establish offices and deploy technical personnel in Hong Kong. Additionally, the discussion also mentioned the proposal to study a regulatory framework for DAOs (Decentralized Autonomous Organizations) to address the legal status issues of foundations that are not traditional companies, thereby better integrating digital assets with traditional finance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Iran approves the passage through the Strait of Hormuz of ships carrying essential supplies to Iranian ports
Gate News message, on April 4, Iran’s Tasnim News Agency reported that Iran has approved ships carrying essential supplies to travel through the Strait of Hormuz to Iranian ports.
GateNews1h ago
Trump says Iran’s new leadership is more moderate; experts rebut that the regime has not changed and is even more hardline
Trump believes Iran’s new leadership is more moderate, but experts say that a regime change is only a change of leaders and does not alter its governance structure. War has strengthened the power of Iran’s hardliners, intensifying anti-American sentiment, and has not, in fact, led to any major change in the United States’ stance.
GateNews2h ago
The IMF urges the Bank of Japan to keep raising interest rates, saying that the Middle East war poses major new risks
The International Monetary Fund recommends that the Bank of Japan continue raising interest rates, despite new risks to Japan’s economy stemming from the Middle East war. Rising oil prices and yen depreciation have intensified inflation pressures. The IMF expects inflation to return to the 2% target in 2027 and emphasizes the importance of a flexible interest-rate policy.
GateNews4h ago
Israeli Prime Minister: We will continue to strike Iran with the United States, and have already destroyed about 70% of its steel production capacity
Gate News message, on April 4, Israel’s Prime Minister Netanyahu said during a situation assessment with senior officials that the Israel Defense Forces will continue to carry out intense strikes with the U.S. against Iran. Netanyahu said that the Israeli forces are continuously removing Iranian military commanders and bombing infrastructure, including bridges. He revealed that the Israeli forces have destroyed about 70% of Iran’s steel production capacity, weakening the Islamic Revolutionary Guard Corps’ financial sources and reducing its ability to mass-produce weapons.
GateNews6h ago
Ireland launches digital wallet testing, adding an age verification feature to protect teens’ online cybersecurity
Gate News updates: On April 4, the Irish government officially launched the digital wallet testing phase on April 3. The wallet includes an age verification feature. According to a statement from Ireland’s Department of Public Expenditure and Reform, this digital ID will support social media platforms in verifying users’ ages, with the goal of protecting children and teenagers from online harms.
GateNews7h ago
Here's what 'cracking' bitcoin in 9 minutes by quantum computers actually means
Google's Quantum AI team said earlier this week that a future quantum computer could derive a bitcoin private key from a public key in roughly nine minutes. The number ricocheted across social media and spooked markets.
But, what does it actually mean in practice?
Let's start with how bitcoin
CoinDesk9h ago
