During the roundtable discussion on the Asian digital finance landscape at the 2026 Hong Kong Web3 Carnival, industry insiders from Hong Kong and Japan stated that the next stage of competition in the Web3 market has shifted from "licensing" to "landing". Hong Kong Legislative Council member Qiu Dagen called for the introduction of exemption clauses similar to those in the United States for digital asset innovation, while Hong Kong Cyberport stated that it is promoting the commercialization of RWA projects from PoC. The attendees generally believe that insufficient liquidity, lack of market making mechanisms, and high compliance costs have become the core bottlenecks for further expansion of RWA and digital asset markets; Japan has also revealed that it is pushing for adjustments to cryptocurrency regulatory rules to reduce corporate outflows and attract project returns. read the whole passage: https://www. (wublock123.com)/articles/hong-kong-blockchain-trading-application-hub-58890