The development of Web3 in Hong Kong continues to heat up, with banking services becoming a key challenge.

Since the Hong Kong government announced the virtual asset policy declaration last year, a year has passed. During this period, Hong Kong has approved the operating licenses of two virtual asset exchanges and attracted numerous Web3.0 companies to settle in. A partner from the venture capital department of a certain group stated in an interview that over the past year, the government has actively promoted industry development with a very open attitude, providing significant assistance in policy formulation and practical implementation. He believes that the recent negative events are just isolated cases, and Hong Kong still offers many opportunities for overseas Web3 companies.

However, it is not easy for the Web3 industry to take root in Hong Kong. One of the main challenges is opening bank accounts, as traditional banks are generally cautious about the industry, making it difficult for Web3 companies to smoothly open accounts. This partner pointed out that getting traditional banks to accept this emerging industry requires a step-by-step approach, but he believes that "opportunity outweighs risk." He expects that in the next two to three years, the support system for Web3 companies in Hong Kong will become more完善, providing better conditions for them to develop their business in the region.