Vincent Chok, CEO of First Digital, a Hong Kong-based cryptocurrency custody service, said: "Hong Kong's current approach to trading regulation is more conservative and slow than some other jurisdictions, which is understandable as it prioritizes investor protection." However, he noted: "We would like to see the pace of regulation accelerate to ensure that it does not lag behind the rapid development of the industry." Hong Kong is committed to positioning itself as a global hub for cryptocurrency, and currently has only two fully licensed virtual asset trading platforms: Hash Blockchain and OSL Digital Securities. Many other cryptocurrency exchanges are still waiting for full operating licenses in Hong Kong.