First Digital Trust CEO: Hong Kong remains a safe financial center and can explore the crypto space in partnership with Singapore

ChainCatcher news, according to Forkast, the CEO of Hong Kong digital asset custody institution First Digital Trust, Vincent Chok, stated that Hong Kong has no capital controls, no foreign exchange controls, and remains a very safe financial center.

In addition, he believes that the relationship between Hong Kong and Singapore is complementary rather than competitive. Singapore is very strong in regulating digital assets, while Hong Kong can leverage its financial experience and infrastructure to establish a good partnership with it, jointly creating a truly strong jurisdiction.

It is reported that First Digital Trust is a digital asset platform under the Hong Kong consulting firm First Digital. According to previous reports, the Hong Kong government will release a virtual asset policy declaration to promote the construction of an international virtual asset center. (Forkast)