OKX President Hong: Applying for the Hong Kong VASP license under new regulatory regime.

BlockBeats reported on April 12th that OKX's CEO, Hong, believes that regulation and licensing are key to the future success of the cryptocurrency and Web3 industries. Moderate regulation and government support are beneficial for fair competition, as well as better protection for users and promoting healthy market development. She stated that Hong Kong is becoming a global leader in digital assets and fintech, and OKX will actively seek licenses in this jurisdiction. The team has already started applying for the Hong Kong VASP license under the new regulatory regime in March, as well as applying for Type 1 and Type 7 licenses under the Securities and Futures Ordinance.