Hong Kong Yao Smart Securities Executive Director and CEO Xu Yibin said that there is still uncertainty in the custody of virtual assets in the United States. For example, virtual asset custodians are not licensed by the same major government official agency. Xu Yibin emphasized that Yao Smart Securities also needs to ensure the security of customer assets. If there are recognized official agencies such as exchanges to handle related custody, they will consider development (Editor's note: Currently, there are two virtual currency exchanges in Hong Kong that have been licensed by the Securities and Futures Commission. The regulatory rules have obvious requirements for asset custody, but it is said that the transactions of the two exchanges are not as active as those of major overseas platforms). (Ming Pao)