TechFlow reports that on June 27, Tencent Cloud hosted an event in Tsuen Wan under the theme "The Opportunities & Prospects of Virtual Asset in HK," where multiple industry experts shared insights into Hong Kong's VASP regulations and blockchain technology. Against the backdrop of growing regulatory and compliance demands within the cryptocurrency industry, this event provided attendees with comprehensive information and diverse perspectives to navigate the challenges and opportunities presented by VASP compliance in Hong Kong and beyond.
Michael Gao, Head of Sales and CEO of the Hong Kong branch at ChainUp, noted that the core of exchange compliance regulation lies in safeguarding user information and asset security. Recently, with the announcement of EDX Markets' entry, the emerging "non-custodial" exchange compliance framework has attracted significant attention, representing a new wave of traditional financial institutions entering the crypto space through compliant platforms. At ChainUp, our SaaS-based fully managed trading system enables clients to integrate with third-party custody providers, meeting the requirements of non-custodial exchange compliance structures. ChainUp’s self-custody DEX solution allows users to connect directly with third-party wallets, enabling full control over their assets. Additionally, ChainUp offers localized deployment of data and servers, as well as KYC & KYT product services, ensuring user information security and effectively supporting exchanges in meeting regulatory requirements and achieving compliance.
