As Hong Kong focuses on the development trend cryptocurrency infrastructure, Liang Jindong, a senior Internet finance official, visited Japan to communicate with current policy makers and regulators in Tokyo to better understand the idea of being closely around Web3 digital assets.

In an interview with Cointelegraph journalist Jesse Cogren, King made it worthwhile to understand the reasons behind Japanese design policies and regulations.

In October last year, Hong Kong began to strive to establish itself as the core of the world's leading cryptocurrency, with a new policy aimed at establishing a strict regulatory framework for domestic data encryption.

Kim also mentioned communicating with industry participants to get a full range of views. According to King, the conclusions of his visit will be reported to relevant policy makers and regulators in Hong Kong so that they can be included in the reference standards of laws and regulations related to digital assets in Hong Kong.

Jin explained that digital assets, including other assets, such as symbolic bonds and symbolic income streams from the Internet Protocol (IP), could be monetized to create income streams. It is to reply to the necessity of Web3 account and password in the social and economic development of Hong Kong, and is consistent with one of her discussions in Japan.

"invest Hong Kong did not expect such a big passion," King said. " He said it was amazing because she received statistics that in March and April alone, there would be more than 100 Web3-related or digital assets-related activities in Hong Kong. Jin mentioned that although of course it is impossible to fully meet the market demand, government departments are already working in the shortest possible time.

With regard to the state's advance preparations for the implementation of such Web3 programs, Jin indicated that such projects may not be ready before June 1, and that government departments only need to give priority to and do the most harmful things.

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