CEO of Hong Kong Securities and Futures Commission: Cryptocurrency trading is an important part of the virtual asset ecosystem

ChainCatcher news, Hong Kong Securities and Futures Commission CEO Ashley Alder recently delivered a speech regarding Hong Kong's regulatory stance on Web3 following the bankruptcy of FTX in November 2022. She stated that crypto trading is an important part of the virtual asset ecosystem.

The new licensing system for virtual asset providers will ensure that investors are protected while considering the risks faced by financial institutions. In her view, incorporating virtual asset providers into the regulatory framework is the only way to embrace innovation and enhance market confidence after the FTX bankruptcy. (source link)