Hong Kong Legislative Council member Duncan Chiu: The potential threat of quantum computing will take at least five more years, and the industry should prepare in advance.

ChainCatcher live report: Hong Kong Legislative Councillor (Technology and Innovation Constituency) Duncan Chiu delivered a keynote speech at this year’s 2026 Hong Kong Web3 Carnival on “Steady and Progressive Development Keeps Hong Kong at Forefront of Web3 Expansion.”

He reviewed Hong Kong’s Web3 development since 2022, covering the virtual asset service provider licensing regime, tokenized product pilots, last year’s Policy Statement 2.0, and the SFC’s ASPIRe roadmap, and believes that regulatory clarity is the primary factor for industry growth.

He specifically compared the regulatory pathways of the United States and Hong Kong, noting that although the US has introduced key documents such as the Clarity Act, Genius Act, and joint statements by the SEC and CFTC, the political situation may cause legislative delays or even reversals. In contrast, Hong Kong offers a stable, transparent, and continuous development environment regarding product categorization, legislation, and infrastructure.

He also mentioned the potential threat of quantum computing to the crypto industry, estimating that it is at least five years away, but the industry should be prepared at the cryptography level in advance. Finally, he stressed that Hong Kong needs more technology developers and should promote cross-jurisdictional connectivity to create a virtuous cycle for product issuance, investor participation, and innovator entry.