Chairman of the Hong Kong FinTech Association: Some withdrawn virtual asset trading platforms are still exploring the establishment of their Asia-Pacific headquarters in Hong Kong

ChainCatcher news, the chairman of the Hong Kong FinTech Association, Chen Wenli, stated that some platforms that have withdrawn from Hong Kong have established operations in North America and Europe, but they are still exploring the feasibility of using Hong Kong as their Asia-Pacific headquarters.

Hong Kong Legislative Council member Wu Jiezhuang mentioned that, to his knowledge, most platforms are willing to apply for licenses in Hong Kong, but the strict regulations do not allow them to provide services to mainland investors, which may lead to non-compliance issues for some platforms. Under strict regulation, the types of tradable virtual currencies are limited, and it is also difficult for platforms to make a profit.