New Territories Podcast–Episode 2: Crypto Regulatory Landscape in Hong Kong
Hong Kong University Professor Brian Tang Discusses Hong Kong’s Token Regulatory Landscape
What is the New Territories Podcast?
The New Territories Podcasts hosted by Joyce Lai is a Brooklyn Project initiative that features conversations with industry thought leaders exploring the intersection of law, policy, blockchain technology and more.
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Episode 2: Hong Kong’s Crypto Regulatory Landscape
Brian W Tang, Founder of ACMI and LITE Lab@HK, shares with Joyce Lai how Hong Kong, as one of the top three IPO destinations of the world, is continuing to innovate to be internationally competitive as a global capital-raising center while protecting investors. Brian also sheds light on the relevance of the recent Alibaba listing in Hong Kong and also Hong Kong’s “one country, two systems” framework.
In this episode, Joyce and Brian discuss:
- Hong Kong’s historical context and growth into one of the top three IPO destinations in the world. The fact that the vast majority of the companies listed on the Hong Kong Stock Exchange are based overseas adds further considerations to its regulators seeking to protect investors.
- At the same time, competition between international financial centers exist, which requires them to be innovative.
- Hong Kong’s SFC announced a new regulatory sandbox for virtual asset platform operators in November 2018 as a new inventive way to seek to co-create a workable regulatory framework for crypto-exchanges.
- Brian also explains how the internet startups in China evolved differed from those from Silicon Valley, and why many of the former moved faster into fintech due to micro-payments.
- Recommended Reading from Brian: FATF Interpretive Note in relation to Virtual Asset Service Providers (VASPs).
About the Guest: Brian W Tang
Brian W Tang is an innovator, educator and ecosystem builder who has worked in the confluence of law, technology and finance in Hong Kong, New York, Silicon Valley, and Australia. After a career at Wall Street law firm Sullivan & Cromwell and global investment bank Credit Suisse, Brian founded ACMI to provide inclusive global thought leadership, industry-wide consensus building and transformational support for innovative technology, educational and policy solutions.
Brian is co-chair of the RegTech Committee of the Fintech Association of Hong Kong and is also founding executive director of LITE Lab@HKU, Hong Kong University’s new interdisciplinary and experiential programme to foster law, innovation, technology and entrepreneurship (LITE).
About Joyce Lai, Host of New Territories
Joyce Lai works at the intersection of law and technology at ConsenSys alongside the blockchain industry’s brightest developers and other professionals who take great pride in creating a decentralized future. Through the Brooklyn Project, a ConsenSys “open-source” public policy initiative, she helps the world gain a deeper appreciation of how the application of forward-thinking policy to blockchain technology can bring a positive impact. Prior to ConsenSys, she spent several years in private practice advising investment advisers at Seward & Kissel LLP in New York.
Joyce received dual undergraduate degrees in biology and economics from UC Davis and her J.D. from Fordham University School of Law. Joyce speaks frequently on topics involving blockchain technology, regulations, public policy, and other legal issues.
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Disclaimer. The views, information, and opinions expressed are solely those by the author above do not necessarily represent the views of Consensys AG. They are meant for informational purposes only, are not intended to serve as a recommendation or investment advice to buy or sell any securities, cryptoassets, or other financial products.
