Hong Kong Legislative Council member Joseph Au highlighted the potential threat of quantum computing to the cryptocurrency industry, estimating that it may take over five years to become a practical concern. Speaking at the 2026 Hong Kong Web3 Festival, Au urged the industry to proactively prepare at the cryptographic level. He emphasized Hong Kong's stable regulatory environment compared to the U.S., which faces potential legislative delays due to political instability. Au reviewed Hong Kong's Web3 development, noting advancements such as the licensing regime for virtual asset service providers and the SFC's ASPIRe roadmap. He stressed the need for more technology developers and cross-jurisdictional interoperability to foster innovation and investor participation.