According to Odaily Planet Daily, Vincent Chok, CEO of institutional-grade crypto custody platform First Digital, said that Hong Kong's current approach to trading regulation is more conservative and slower than some other jurisdictions, which is understandable because it prioritizes protecting investors.
Chok hopes to see the pace of regulation accelerate to ensure that it does not lag behind the rapid development of the industry. In addition, Chok does not think that banks will rush to provide digital asset custody services in the short term because the responsibilities of these services exceed their risk tolerance.
