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China Crypto Roundup (Mar. 14-Mar. 20) :Web3 is China ‘s Future Internet Infrastructure

1. Shanghai detected the first case of using virtual currency to carry out online pyramid selling crimes, arresting more than 10 criminal suspects, involving more than 100 million yuan.

2. Huobi integrates Optimism mainnet and opens ETH deposit and withdrawal

3. Hurun Global Rich List 2022 released today, Elon Musk became the richest person in the world for the second year in a row with 1.29 trillion RMB, in addition to Binance founder CZ at 145 billion RMB at 67, FTX founder SBF at 135 billion RMB at 77.

4. Yao Qian, Director of the Science and Technology Supervision Bureau of China Securities Regulatory Commission, said that forward-looking research and strategic prediction of Web3 is of great significance to the construction of China ‘s future Internet infrastructure.

Yao published an article “Web 3.0: A New Generation of Internet that is Approaching”. The article said that it is now at an important point in the evolution of Web2.0 to Web3.0. Strengthening the forward-looking research and strategic prediction of Web3.0 is of great significance to the construction of China’s future Internet infrastructure.

Yao Qian said that Web3.0 will reconstruct the organizational form and business model of the Internet economy. In addition, Web 3.0 is expected to greatly improve the existing Internet ecosystem, effectively solve the problems of monopoly, lack of privacy protection, and malicious algorithms in the Web 2.0 era, and make the Internet more open, inclusive and secure.

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