Johnny Ng, a lawmaker in Hong Kong, expressed his hope for the government to improve the ecology of Web3 and regulate DAOs legally. Ng believes this will attract more industry players to the city, driving economic growth.
In 2022, the government proposed measures to develop the virtual assets industry and establish itself as an international cryptocurrency hub. The introduction of a new licensing regime for virtual asset providers last year reinforced this goal.
Web3, a decentralized version of the World Wide Web, relies on blockchain technology. A recent court case involving MANTRA DAO highlighted ownership disputes and transparency issues within the industry.
The High Court’s ruling on MANTRA DAO’s financial disclosure underscores the need for accountability in the cryptocurrency industry. Lawyer Monin Ung emphasized the importance of regulatory frameworks for DAOs to protect investors and prevent misuse of funds.
[ad_2]
Source link
Catherine Sonquist Forest, based in Santa Cruz where assisted dying was legalised eight years ago,…
Palestinian dish, Palestinian duty: DJ Khaled slammed for silence on Gaza Access Story
The spy images showed the model with the same style statement, featuring some notable updates…
Tanaka is one of the most famous players in Eagles history. Read Full Story
Hemant Soren Stakes Claim To Form Govt In Jharkhand, Meets Governor Access Full Story
Manchester City manager, Pep Guardiola, has stated that Manchester City’s dream to win five successive…
The Israeli army did not confirm or deny the claim as it continues to hit…
The BJP's record win in Maharashtra underscores how it has bounced back from its setback…
Stay updated with the hottest headlines and breaking news from Bollywood, Hollywood, South Cinema, and…
Actor and politician Ravi Kishan spoke at Sahitya AajTak 2024 on Day 3, sharing insights…
بيروت - الوكالات قالت جماعة حزب الله اللبنانية إنها شنت هجوما بطائرات مسيرة على قاعدة…
Trudeau, get ready: Nearly 8,000 Israelis have received temporary Canadian work visas so far this…
In honour of the 20th Guinness World Records Day, Rumeysa Gelgi, the world’s tallest woman,…
أودع صندوق التنمية العقارية اليوم، مليارًا و19 مليون ريال في حسابات مستفيدي برنامج سكني من…
Maharashtra Elections and the Stock Market: Experts say though weak earnings, a strong dollar, FPI…
Magesi FC captain and goalkeeper Elvis Chipezeze knows better than anyone that they have created…
بغداد – واعأوعز وزير الشباب والرياضة، أحمد المبرقع، بتوفير متطلبات اتحاد الإسكواش وأبرزها حل مشكلة…
Deepfake tools may be used by spy agencies as a new weapon for ‘cognitive warfare’,…
Menschen erzählen, wie andere oder sie Gutes getan haben – und wie gut sich das…
واع/ Access Full Story
On Sunday, nations attending the conference in Baku pledged $300 billion a year to help…
المضيبي- الرؤية استجابت فرق الإطفاء بإدارة الدفاع المدني والإسعاف بمحافظة شمال الشرقية اليوم، لحادث نشوب…
بغداد-واعأعلنت وزارة التخطيط، اليوم الأحد، عن بدء المرحلة الثالثة والأخيرة للتعداد السكاني.وذكر بيان للوزارة تلقته…
An Israeli strike which targeted north Gaza’s Kamal Adwan hospital and its surrounding areas has…
Lässt der DSDS-Chefjuror bald auch in der Politik die MUSKeln spielen? Vollständige Geschichte
Ukraine has lost over 40 per cent of the territory captured in Russia’s Kursk region…
In Akodo-Ise in Lagos, homes, livelihoods and even graves have been lost to ocean encroachment…
By Palestine Chronicle Staff The Israeli army reported that 30 rockets were launched from…
As of Sunday, the Egyptian Pound has maintained its stability against the US Dollar at…
بغداد - واعأقامت لجنةُ ودائرة الحكام في الاتحادِ العراقيّ لكرة القدم ورشةَ تحليلٍ لحالات دوري…
Authorities suspend mobile and internet services in Islamabad as ex-PM's supporters plan march seeking his…