Hong Kong Securities and Futures Commission's Liang Fengyi: The more than 15-year cycle of rise and fall of Bitcoin is proof of its viability as an alternative asset

ChainCatcher news, Hong Kong Securities and Futures Commission CEO Ashley Alder pointed out at the Greenwich Economic Forum (Hong Kong) that leveraging technology effectively focuses on Distributed Ledger Technology (DLT).

Alder noted that DLT is applied in the financial market for virtual assets. Bitcoin has endured multiple cycles of boom and bust over the past 15 years, proving its viability as an alternative asset. More importantly, as the underlying technology of Bitcoin, DLT will stand the test of time. The potential advantages of DLT are evident; this technology can enhance the efficiency of physical assets in distribution, clearing, settlement, and custody while reducing costs.

She emphasized that while the NFT craze may have waned, the underlying technology is gradually being adopted in the world of physical assets, with physical assets increasingly being tokenized. The potential benefits include several aspects. Maintaining a technology-neutral stance, the Hong Kong Securities and Futures Commission adopts the principle of "same business, same risks, same rules." Investor protection is a top priority in their work.