HKMA Won't Be 'Light Touch' on Virtual Assets Regulation

The video discusses the start of retail trading in Hong Kong on June 1st, focusing on the regulatory framework for crypto trading platforms. It emphasizes the need for a balanced approach to regulation, allowing innovation while maintaining strict controls to prevent issues like those seen with FTX. The video also highlights lessons learned from global crypto incidents and the importance of internal controls.

In what ways does the Hong Kong approach to crypto regulation differ from previous years?

What internal controls are emphasized to prevent issues similar to those seen with FTX?