Lily Z. King is chief operating officer of Cobo, a leading global crypto custodian service provider and blockchain infrastructure developer. She is licensed to practice law in both the US and China.
The silver lining is that Hong Kong has a licensing regime capable of addressing the regulatory challenge JPEX exposed, making it safer for retail investors in an industry maturing beyond mere speculation.
The convergence of AI and cryptocurrency could bring out each other’s strengths and drive the next generation of the internet. This is a dynamic, rapidly evolving field with enormous potential for growth and innovation for investors and entrepreneurs.
To manage risks, its regulatory framework needs to be nimbler. And to encourage innovation, it needs to be a leader in the tech infrastructure for digital assets.