China Influences Hong Kong's Cryptocurrency Decisions: Animoca

In Hong Kong, digital assets and Web 3.0 projects were integrated fairly quickly. Yat Siu, one of the founders of Animoca, noticed signs of China's actions in this. This is reported by Cointelegraph.

What else does Sioux say

The EthCC conference was held not so long ago. At it, the specialist made a reminder that the Beijing Municipal Commission responsible for Science and Technology had published a "white paper on innovative developments and the development of Web 3.0" in MAC. It says that technology is an inevitable trend of the future formation of the Internet industry.

Siu claims that Beijing has allocated a separate budget for the development of Web 3.0. This suggests that the government will develop innovative developments and integrate decentralized technologies.

He also noted that this is of interest, since it is not only about Hong Kong. Here you can see the message coming from above. If mainland China didn't allow it, then Hong Kong wouldn't be able to do anything.

The specialist additionally noted the security risks emanating from tech giants. We are talking about Google, Apple and Meta. He added that Asian countries are using the development of Web 3.0 to remove dependence on technologies that dominate in the States.

The GRIN4 ecosystem

We have created a bot to make money on crypto exchanges. You set the settings, and he trades 24/7. Manage all assets from one service: with your own hands or with the help of algorithmic trading. Anonymously. Simply. Stress-free.