Hong Kong Legislative Council member Yau Tak-gun: The potential threat of quantum computing will take at least five more years, and the industry should prepare in advance
ChainCatcher reported live that Hong Kong Legislative Council member (Technology and Innovation sector) Kenneth K.Y. Lau shared a keynote speech titled "Steady and Progressive Development Keeps Hong Kong at Forefront of Web3 Expansion" at the 2026 Hong Kong Web3 Carnival.
He reviewed the development of Web3 in Hong Kong since 2022, from the licensing system for virtual asset service providers, the pilot of tokenized products, to last year's Policy Declaration 2.0 and the SFC ASPIRe roadmap, believing that regulatory clarity is the primary condition for the industry's development.
He specifically compared the regulatory paths of the United States and Hong Kong, pointing out that although the U.S. has introduced important documents such as the Clarity Act, Genius Act, and the joint statement from the SEC and CFTC, the political situation may lead to legislative delays or even reversals; in contrast, Hong Kong provides a stable, transparent, and continuous development environment in terms of product classification, legislation, and infrastructure.
He also mentioned the potential threat of quantum computing to the cryptocurrency industry, believing that at least five more years are needed, but the industry should prepare in advance at the cryptographic level. Finally, he emphasized that Hong Kong needs more technology developers and should promote cross-jurisdictional connectivity to form a positive flywheel for product issuance, investor participation, and innovator entry.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Report from MEXC Ventures: Multi-Asset Trading Increases in Asia

5 Bitcoin Supply Signals Behind BTC's Move Toward $80K

Bitfire launches compliant crypto quant strategy as RWA assets top HK$2B

Bitwise Tokenized Portfolios: Can You Invest Without Giving Up Your Assets?

Event Update | Bitcoin Asia 2026 to be Held in Hong Kong from August 27 to 28

HashKey On-Chain and Conflux Network Reach Strategic Cooperation

Network for Sanction Evasion Discovered in Ukraine via Cryptocurrency Exchange

Boros and Pendle Launch Cross-Exchange Arbitrage Tool Arbitrage with CrossEx

Onchain Structured Products Infrastructure City Protocol Raises $11M Across Seed and Pre-A Rounds, Backed by Dragonfly, CMT Digital and Mirana

Financial Institutions Adopt Selective Disclosure for Blockchain

Trade.xyz: A Twelve-Person Team Disrupts Wall Street, Submits Proposal to SEC

YZi Labs Announces 24 Initial Projects for EASY Residency Season 4

Phantom's plan to drop Sui exposes the hidden power wallet interfaces hold over user funds

OpenAI Pre-Trains Bel Model with Over 10T Parameters

Suhoaio Signs Strategic Agreement with Patioor for Cross-Border Payment and Settlement Infrastructure

Pinloop Joins as Initial Authorized Distributor for HKDAP Beta Access

Onafriq Expands USDC Settlement Options Across African Payment Network

Purchase of Cryptocurrency Through Intermediaries Will Be Available to Unqualified Investors

Human Rights Foundation Grants $600,000 in Bitcoin to 16 Projects

MEXC stock futures trading volume in Asia surges over 3,300% in Q2

Chainalysis identifies 7,700 suspect accounts in CSAM crypto operation

YZi Labs Announces 24 Projects for EASY Residency Season 4, Each Receiving $500,000 Investment

Some Bitcoin holders tax bill is now set when they leave the country instead of when they sell

Bitcoin Weekly RSI Shows Bullish Divergence, Analysts Assess Bear Market Trend

Visa Joins Singapore's MAS BLOOM Initiative to Pilot Stablecoin Settlements

TRON Proposes Voting on Proposal No. 107 to Advance TVM Compatibility Upgrade

Chainlink Integrates 12 Solutions Across 10 Blockchains

Stablecoin card spending could reach $50B annually by 2028: RedotPay

Gemini enables XRP transfers via XRPL in Singapore









