According to Techub News, according to Sing Tao Daily, the "Technology Crime Police Advisory Group" composed of the Hong Kong Police Force and 12 experts and leaders from the technology industry held its sixth meeting to discuss the risks and opportunities brought by Web3. The group believes that Hong Kong has actively promoted the application of Web 3 and blockchain technology in recent years, but has paid little attention to the network security risks and fraud traps brought by the technology. In order for citizens to enjoy the convenience brought by Web3 technology to their lives with peace of mind, the government and regulatory agencies need to formulate a strong regulatory system for the entire Web3 ecosystem to prevent and combat any illegal activities.
Members of the Hong Kong Technology Crime Police Advisory Group discussed in depth the types of Web3 projects and the importance of blockchain auditing during the meeting. In addition to auditing the source code of the project, Web3 security audit companies will also evaluate the engineers and managers of the entire development project. The evaluation criteria include the scale and results of the development projects they have participated in in the past. The Web3 industry is encouraged to take the initiative to organize information exchange platforms and actively participate in public-private partnerships to promote the vigorous development of the Web3 industry. The group also hopes that the government will firmly promote the sustainable development of Web3 in Hong Kong and create a stable and innovative environment for emerging industries.