Vincent Chok, chief executive of First Digital, a Hong Kong-based crypto custodian service, said: "Hong Kong's current approach to trading regulation is understandably more conservative and slow than some other jurisdictions, as it prioritises investor protection." However, he noted: "We would like to see the pace of regulation pick up to ensure it does not lag behind the rapid development of the industry." Hong Kong is committed to positioning itself as a global hub for cryptocurrencies. There are currently only two fully licensed virtual asset trading platforms: Hash Blockchain and OSL Digital Securities. Many other cryptocurrency exchanges are still waiting for Hong Kong to obtain a full operating license.