TechFlow reports on April 12 that OKX President Hong stated regulation and licensing are key to the future success of the crypto and Web3 industries. Appropriate regulation and government support can foster fair competition, better protect users, and promote healthy market development.
She added that Hong Kong is emerging as a global leader in digital assets and financial technology. OKX will actively pursue licenses within this jurisdiction. The team has already begun applying for Hong Kong's VASP license under the new regulatory framework in March, as well as applying for Type 1 and Type 7 licenses under the Securities and Futures Ordinance.
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