🔥 At the "FireNow" Asia Web3.0 Institutional Summit, OSL Group CFO Hu Zhenbang shared his views on the development of Hong Kong's compliant licensed exchanges. He pointed out that since June 1, the business of Hong Kong’s compliant licensed exchanges has grown significantly, and traditional financial companies have also entered the market to allocate crypto assets.

💡 He also mentioned that Hong Kong needs to adjust its existing regulatory framework to cater to the development needs of more cryptocurrency products. The compliance experience of Japan and South Korea is worth learning from. The potential in the RWA and STO space is huge, but clearer regulatory guidance is needed.

What do you think of Hong Kong’s regulatory adjustments? See you in the comments section! 👇