Bitcoin-Friendly Hong Kong's New Step Could Boost These Altcoins!

Web3 altcoins could experience an Asian rally.
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In the cryptocurrency industry, the importance of the Asian market has increased significantly in recent years. The United States (USA) anti-crypto decisions have made crypto projects begin to focus on the Asian market.
Recently, Hong Kong continues to take positive steps in crypto. While the US tries to exclude crypto projects, the Hong Kong front is embracing crypto technologies.
As of today, a Chinese-based crypto newspaper Hong Kong Government has set up the “Web3 Promotion Team”.
Headed by the Financial Secretary of the Hong Kong Government, this team consists of 15 members with support from key government officials and relevant financial regulators.
In the text of the announcement shared on the subject, the following words were included:
“Blockchain technology, based on Web3, has features such as the elimination of intermediaries, security, transparency and low cost.”
“With appropriate regulations and steps to foster development, Hong Kong seeks to lead the way in exploration and development.”
“Hong Kong aims to bring together top companies and talent to create a sustainable ecosystem.”
These steps of Hong Kong may increase the buyer pressure on Web3 products in the future.
The top 5 Web3 altcoins by market cap are Dot, Link, Icp, Fil and Grt, respectively.
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