Former CoinDesk executive: Hong Kong is moving towards becoming a digital asset center with comprehensive virtual asset regulation and exchange licenses that allow retail trading

Odaily Odaily News: Emily Parker, former global strategic executive director of CoinDesk, said at an event in Hong Kong that "Crypto-friendly" does not mean "Crypto-easy" because "Crypto-friendly" jurisdictions have strict requirements for sustainable development. She believes that Hong Kong has comprehensive virtual asset supervision and exchange licenses that allow retail trading, and is moving towards becoming a digital asset center. Emily Parker pointed out by example that Hong Kong has comprehensive regulations and direct rules, and the operating regulations of virtual asset exchanges are strict, including the need to achieve 98% "cold wallets" and comply with strict supervision. It is also noted that Hong Kong is actively developing the third generation of the Internet (Web3.0), providing new "sandboxes" for stablecoin issuers, and providing spot exchange-traded funds (ETFs) for cryptocurrencies Bitcoin (BTC) and Ethereum (ETH). (East Net)