Hong Kong Legislative Council Member: There is a surge in applications for virtual asset exchange licenses, and the salary of the ATS person in charge has increased

2023-08-14 12:26:50

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ChainCatcher news, according to Ming Pao News Network, after Hong Kong regulators established a regulatory framework for virtual assets, the industry has been eager to apply for virtual asset licenses. Legislative Council member Lee Wai-hung stated that due to the supply-demand imbalance in the market, the salaries of responsible officers (RO) for license type 7 (ATS, Automated Trading System) have risen significantly.

According to him, the normal monthly salary level for current license holders typically ranges from 100,000 to 200,000 HKD, and there are also several individuals seeking employment. He suggested that to effectively alleviate the situation, it would be advisable to allow license holders of type 7 to co-manage with industry experts while enhancing training to meet the industry's manpower needs in the development of virtual assets.

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