[Hong Kong's 3rd Generation Internet Development Task Force was established, and members took up their duties on July 1] Golden Finance reported that the Hong Kong SAR government has announced the establishment of a 3rd Generation Internet (Web3.0) Development Task Force. Members of the task force include 15 non-official members from relevant industries, as well as representatives from relevant key government officials and financial regulatory agencies. The term of non-official members will take effect from July 1 next year and will last for two years. The Hong Kong SAR government issued the "Policy Declaration on the Development of Virtual Assets in Hong Kong" in October last year, explaining the government's policy stance and guidelines for the industry. The market responded enthusiastically to this. Virtual assets are an important part of the Web3.0 ecosystem. The government will set up a relevant task force to submit recommendations to the government on the sustainable and responsible development of Web3.0 in Hong Kong.