Li Guoquan discussed the BLOOM initiative at the Shanghai International Blockchain Week, which aims to build a borderless and liquid Web3 financial infrastructure.
Singapore models a governance structure that contrasts the chaotic approaches seen elsewhere, promoting compliance through frameworks that integrate stablecoins and tokenized currencies.
Li emphasized that the Web3 sector is likely to split between responsible innovation and disorderly speculation, with the BLOOM initiative setting standards for compliance and institutional backing.
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