Matrixport Chairman Discusses Crypto Regulation and Hong Kong's Virtual Asset Development

According to Foresight News, Matrixport Chairman and Co-Founder, as well as Bitdeer Chairman, Wu Jihan, spoke at the Hong Kong Compliance Industry Association's inaugural event. Wu highlighted the various responses of crypto enterprises to stringent regulations, noting that some opt to pay fines while others face imprisonment. He emphasized the importance of maintaining compliance while allowing time for the industry to mature. Wu also expressed optimism about the development of virtual assets and Real World Assets (RWA) in Hong Kong. He pointed out that Hong Kong has significant advantages in terms of talent, capital, and culture, which could foster growth in these sectors.