Liang Fengyi: Virtual assets can now enter the second phase of expanding products and services

ChainCatcher news, according to a report by the Hong Kong Economic Journal, the CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, stated at the Consensus forum that virtual assets can currently enter the second phase. In this pro-growth strategy, first, the local legislation on virtual asset activities will be completed; second, products and services will be expanded; third, operational processes will be optimized, including regulations on hot wallets and cold wallets, as well as adjustments to custody and insurance requirements. The content to be reviewed in terms of compliance and how to optimize it will truly maximize operational processes.