Xu Yibin, executive director and CEO of Hong Kong Yaocai Securities, said that there is still uncertainty in the custody of virtual assets in the United States. For example, virtual asset custodians are not licensed by the same major government official agency. He emphasized that he was not pouring cold water, because Yaocai also needs to ensure the security of customer assets, and said that if there are recognized official agencies such as exchanges to handle related custody, they will consider development (Note: Currently, two virtual currency exchanges have been licensed by the Securities and Futures Commission. The regulatory rules have obvious requirements for asset custody, but it is said that the transactions of the two exchanges are not as active as those of major overseas platforms). (Ming Pao)