OKX on Business Expansion Plans

The video discusses Bitcoin's role as a safe haven amid financial system issues, including banking failures and inflation. It highlights OKX's resilience to recent banking collapses and its efforts to build robust banking relationships. The regulatory landscape in the US and Hong Kong is explored, with a focus on the need for clarity and open industry conversations. Hong Kong's careful regulatory approach and its potential to become a virtual asset hub are also discussed.

What is one of the main reasons people are turning to Bitcoin according to the transcript?

• It is a new form of digital entertainment.

• It offers high short-term profits.

• It is controlled by a central authority.

• It serves as a safe haven during financial instability.

How has OKX been affected by the collapse of banks like Signature and Silvergate?

• OKX had to relocate its headquarters.

• OKX had to shut down completely.

• OKX lost all its banking partners.

• OKX was unaffected and continues to operate normally.

What is the industry's main request from regulators in the US?

• Higher taxes on Bitcoin transactions.

• More enforcement actions.

• Complete deregulation.

• Regulatory clarity and guidance.

What approach is the Hong Kong regulator taking towards the crypto industry?

• Immediate approval of all crypto products.

• Ignoring the crypto industry completely.

• An open and disciplined approach with simple tests.

• A strict ban on all crypto activities.

What is one of the key factors needed for Hong Kong to become a virtual asset hub?

• Complete isolation from global markets.

• Regulatory clarity and industry responsibility.

• A ban on all stablecoins.

• A focus on short-term trading profits.

What is the industry's focus in Hong Kong to support the crypto ecosystem?

• Maximizing short-term profits.

• Building for long-term and being transparent.

• Avoiding any regulatory compliance.

• Focusing solely on traditional banking.

What is the industry's stance on regulatory frameworks in different jurisdictions?

• They should be ignored.

• They should be respected and followed.

• They should be completely uniform worldwide.

• They should be challenged in court.