Participating in a panel discussion titled “The Globalization of Digital Asset Trading: Building a Borderless Financial Ecosystem,” Wong pointed to the Hong Kong Securities and Futures Commission’s (SFC) science-based regulatory model as a leading example.
“The Hong Kong Securities and Futures Commission (SFC) has pioneered a RegTech-driven, science-based approach to regulation. This not only enhances market safety and transparency but also provides a clear framework for industry development,” he said.
Wong stressed that transparent and consistent compliance is essential for building trust within the ecosystem.
“Platforms must ensure full and transparent disclosure to regulators. We cannot claim compliance in words but act otherwise. Trust comes from transparency, consistency, and accountability,” he added.
He also described KuCoin’s positioning as a Web3 financial infrastructure provider rather than solely a trading platform. The company currently employs 1,300 people, with more than 80 percent working in engineering and technical roles, underscoring its emphasis on technology and security.
This strategic focus on both innovation and regulatory alignment, Wong noted, is key to maintaining the trust of users and regulators alike. He also linked this approach with Hong Kong’s broader RegTech leadership, saying:
“A truly trusted exchange must be reliable to users, to regulators, and to its employees, and must uphold consistent standards across all jurisdictions.”
Wong concluded by reaffirming KuCoin’s commitment to ongoing regulatory dialogue and collaboration, particularly with authorities in Hong Kong, as the company continues to support the global growth of a secure and transparent digital finance ecosystem.
Go to Source
Author: NixCoin