PwC, in collaboration with Web3 Harbour, has launched the Hong Kong Web3 Blueprint, aiming to harness the potential of Web3 technologies through decentralized transparency, security, and user empowerment. The blueprint outlines five key drivers: talent, market infrastructure, standards, regulation, and economic contribution. Peter Brewin, PwC Hong Kong's partner and digital asset leader, announced the formation of five action groups set to commence in August. These groups will focus on stablecoins, fund management, virtual asset trading platforms (VATP), legal and compliance, and custody and over-the-counter trading, marking a significant step in advancing blockchain development in Hong Kong.