Web3 will be key to the future of China's internet, says security regulator

Yao Qian predicted that Web3 will reorganize the organizational form and business model of the Internet economy and offer a level playing field for all. The director of the Science and Technology Supervision Bureau of China’s Securities Regulatory Commission Yao Qian has called for a special focus on Web3, deeming it to be the future of the internet. Yao published an article titled "Web 3.0: A New Generation of Internet that is Approaching," talking about the significance of the evolving tech and how the world is at a crucial transition from Web2 to Web3.