PANews reported on October 28 that according to official news, Livio Weng, COO of Hashkey Group and CEO of HashKey Exchange, said at the Hong Kong Fintech Week: "The Policy Address released on October 16 showed that Hong Kong's Web3 is moving towards a new stage. The content of the Policy Address covers many aspects and for the first time mentioned that it will continue to promote innovative financial services such as central bank digital currency, mobile payment, virtual banking, virtual insurance and virtual asset trading. This means that Hong Kong's Web3 has accelerated the completion of the first phase of infrastructure construction and entered the second phase. The second phase is marked by the expansion from a single transaction link to a wider range of the entire ecosystem."
Livio Weng also mentioned that HashKey Exchange has completed a transaction volume of HK$540 billion, with a capital of more than HK$5.3 billion, of which HK$3.5 billion came from transactions with financial institution partners. Livio Weng said: "In the future, the entire crypto market may see many new changes. With the final implementation of the US election and the expectation of continued breakthroughs in web3 compliance in the United States, Hong Kong, and Dubai, the market is about to enter a new round of rapid development. Hong Kong will become an important global participant and core force to jointly build a better Web3 ecosystem."
