Vincent Chok, CEO of Hong Kong-based cryptocurrency custody service provider First Digital, recently pointed out that the pace of regulation for cryptocurrency trading in Hong Kong has been relatively slow. This is understandable to some extent, as the Hong Kong government has always prioritized protecting investors' rights and interests. However, Chok also emphasized the importance of accelerating the regulatory process to ensure that Hong Kong can keep up with the rapid development of the cryptocurrency industry. Currently, there are only two fully licensed virtual asset trading platforms in Hong Kong, namely Hash Blockchain and OSL Digital Securities, while several other cryptocurrency exchanges are still awaiting full operational licenses. With the increasing popularity and application of cryptocurrencies worldwide, Hong Kong's role as a global cryptocurrency hub is being challenged. Accelerating the regulatory process will help consolidate its position in this field.