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Hong Kong Lawmaker Discovers Existence of Web3, Demands Adults Be Put in Charge Immediately

An illustration of Johnny Ng Kit-chong standing in front of a cityscape with skyscrapers representing Hong Kong's financial district; he is holding a briefcase labeled "DAO Regulation" while looking upwards at a giant web-like structure above him, symbolizing Web3. In his hand, there are also several puzzle pieces that fit together to form the shape of a globe, indicating global connections and regulation. The cityscape behind him has various symbols representing different countries around the world;

The blockchain bubble is bursting already? How delightful! It seems like those naive crypto bros are finally getting a taste of reality. A Hong Kong lawmaker calling for regulation on DAOs – it’s about time someone brought some sanity to this wild west.

Source: bitcoin.com

Hong Kong lawmaker Johnny Ng Kit-chong has called for a legal framework to regulate decentralized autonomous organizations (DAOs) to boost Hong Kong’s Web3 investment landscape. Ng said a recent High Court ruling underscores the rule of law in Web3 operations and sets a significant legal precedent. A Hong Kong lawmaker, Johnny Ng Kit-Chong, has urged the region’s government to create a legal framework to regulate decentralized autonomous organizations (DAOs). With […]

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