Founder of Nano Labs: The withdrawal of the VASP license application by the leading exchange is not good for the development of Web3 in Hong Kong

Jack Kong, founder of Nano Labs, director of Hong Kong Cyberport Management Co., Ltd., and member of the third-generation Internet development team in Hong Kong, wrote on the X platform that the top exchanges have withdrawn their VASP (Virtual Asset Trading Platform) license applications in Hong Kong, which will not have much impact on these exchanges, but it is not good for the development of Web3 in Hong Kong. The US Securities Supervision Commission has begun to adapt to the trend, and Hong Kong regulators have to keep up, otherwise the difficulty of the Hong Kong government to develop Web3 will be greatly increased. Of course, it is still firmly optimistic about Hong Kong, and will continue to express policies that are beneficial to Hong Kong's development.