HashKey Exchange Executives Discuss Hong Kong Crypto Compliance
Editor | WuBlockchain The following content represents the views of the interviewee and does not reflect the views of WuBlockchain. The interviewee is Samuel Lok, Head of Compliance at HashKey Exchange. Q: Could you tell us about the key efforts and challenges HashKey Exchange faced during the licensing application and business development phases? How does this differ from your previous work in the traditional finance sector? A: This is a great question. Obtaining a license and actually operating are two different domains. During the licensing application phase, we could plan in a more idealistic manner, but when it comes to actual operations, we realized that compliance in the Web3 space requires a completely new perspective on managing compliance risks. The regulatory authorities have provided us with an excellent framework, but the key lies in how effectively we can implement it. The challenge we face is balancing client benefits with client protection, which is a tough balance to