HashKey Group COO: currently does not conduct any business with mainland customers

2023/08/21 08:55

Livio Weng, Chief Operating Officer of HashKey Group, confirmed that the platform is not currently conducting any business with mainland customers. However, he believes that the mainland industry has huge potential and that if there is a trading demand among the people, a better balance point between prohibition and openness will be considered in the future. Next, HashKey hopes to develop institutional businesses, especially custody services, while researching the underlying assets for virtual property spot ETFs in the future under regulatory permission. In addition, HashKey will actively communicate with regulatory agencies to promote stablecoin regulation and explore whether a certain degree of margin trading and relaxation of pledge products (staking, i.e. locking and mortgaging tokens for a period of time to earn interest income) can be allowed. It is expected that derivative products will take a relatively long road.
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