Reported 8 months ago
On June 18, 2024, Li Yunheng, Deputy Secretary-General of the Taiwan Virtual Asset Anti-Money Laundering Association, pointed out that while Hong Kong has been actively developing its virtual asset industry in recent years, with initiatives like becoming the first in Asia to allow the listing of Bitcoin and Ethereum spot ETFs, stringent application conditions and operational restrictions may have led to several entities, including OKX, withdrawing their license applications. The article emphasizes the need for regulatory frameworks to balance consumer protection, compliance, and industry growth to create a more sustainable market.
Source: YAHOO