Liang Fengyi: Bitcoin has experienced many cycles of rise and fall in the past 15 years, which proves its ability to survive as an alternative asset

[Liang Fengyi: Bitcoin has experienced many cycles of rise and fall in the past 15 years, which proves its ability to survive as an alternative asset] Golden Finance reported that on June 5, Liang Fengyi, CEO of the Hong Kong Securities and Futures Commission (hereinafter referred to as the Hong Kong Securities and Futures Commission), pointed out at the Greenwich Economic Forum (Hong Kong) that we should make good use of the power of technology and focus on distributed ledger technology (DLT). Liang Fengyi pointed out that DLT is applied to virtual assets in the financial market. Bitcoin has experienced many cycles of rise and fall in the past 15 years, which proves its ability to survive as an alternative asset. What is more certain is that as the underlying technology of Bitcoin, DLT will stand the test of time. The potential advantages of DLT are obvious. This technology can improve the efficiency of physical assets in distribution, clearing, settlement and custody, while reducing costs. She emphasized that the craze for NFT may have receded, but the relevant technology is gradually being used by the physical asset world, and physical assets are gradually being tokenized. The potential benefits include several aspects. Liang Fengyi pointed out that adhering to the position of technological neutrality, the Hong Kong Securities and Futures Commission adopts the principle of "same business, same risks, same rules". Investor protection is a top priority of its work.