OKX Sets Up Hong Kong Entity

The video discusses Hong Kong's new trading blueprint, highlighting its preparedness and reliance on existing financial frameworks. Feedback on proposed rules includes concerns about deposit requirements and token regulations. Lobbying efforts focused on insurance policies and token allowances. The discussion on crypto derivatives suggests a gradual approach, starting with margin trading. Hong Kong's potential as an international trading hub is emphasized, given its robust regulatory framework and willingness to issue exchange licenses.

What is the basis for Hong Kong's new guidelines on asset trading?

• Public opinion

• Existing financial frameworks

• A completely new framework

• International guidelines

What is one of the concerns raised about the proposed rules?

• Lack of insurance policies

• High transaction fees

• Limited trading hours

• 1:1 deposit ratio requirement

What was a key topic of lobbying before the blueprint release?

• Exchange partnerships

• Marketing strategies

• Tax incentives

• Cold and hot wallet ratios

What is the current stance on crypto derivatives in Hong Kong?

• Fully implemented

• Open to discussion

• Not allowed yet

• Only for institutional investors

How does Hong Kong plan to expand its trading framework?

• By limiting trading hours

• By increasing transaction fees

• By relying on existing security frameworks

• By introducing new regulations

What is a significant implication of Hong Kong granting exchange licenses?

• It will increase transaction fees

• It will position Hong Kong as a major trading hub

• It will reduce the number of available tokens

• It will limit trading to local investors

What is a key factor in Hong Kong's regulatory approach to crypto?

• Banning all crypto activities

• Following US regulatory actions

• Adapting existing financial regulations

• Complete deregulation