Managing Director of OKX Global Institutional Business Department: There is already a dedicated team responsible for the compliance process in Hong Kong

Lennix, managing director of OKX Global Institutional Business Department, said on Twitter that the OKX team has been actively preparing for the Hong Kong license application a year ago, and has formed a dedicated team of more than 20 people to be responsible for the compliance process in Hong Kong. The team members are all from SFC and SEC , international law firms or licensed financial institutions, and adjust their business in accordance with SFO type 1 and type 7 regulatory standards, including structural adjustments in line with SFO MIC standards, currency listing process adjustments, strengthening overall market monitoring, and implementing Proof of Reserve, strictly abide by the separation management of customer funds. Currently, OKX has more than 400 employees in Hong Kong, consisting of product development and compliance teams.