HONG KONG SAR - Media OutReach - 28 June 2023 - On 26 June, Tencent Cloud hosted an event titled "The Opportunities & Prospects of Virtual Asset in HK" in Tsim Sha Tsui, Hong Kong. The event served as a platform for industry experts to gather and discuss Hong Kong's Virtual Asset Service Provider (VASP) policy, as well as the impact of blockchain technology. In light of the growing emphasis on regulation and compliance in the cryptocurrency industry, the event aimed to provide attendees with comprehensive information and insights to effectively address the challenges and opportunities surrounding VASP compliance in Hong Kong and globally.

Mr. Michael Gao, ChainUp, Head of Sales (Global) & CEO of ChainUp Hong Kong branch, delivered a keynote speech on "The Technological Bridge to Regulated Virtual Assets Exchange in Hong Kong." In his address, he emphasised the critical role of user information and asset security in exchange compliance regulation. Notably, the compliance structure of the new "non-custodian" exchange has garnered significant attention, especially with the recent announcement of EDX Markets, a crypto trading platform that represents the compliant traditional financial entry platform.

ChainUp offers a comprehensive range of solutions to support exchange compliance. Our SaaS trading platform enables seamless integration with third-party asset custodians, facilitating compliance with the "non-custodian" exchange framework. Additionally, ChainUp's private hosting DEX trading system empowers users with direct access to third-party wallets, ensuring full ownership of their assets. In addition, ChainUp provides localized data and server deployment, as well as KYC & KYT product services to safeguard user information and assist exchanges in meeting regulatory challenges while achieving compliance. At ChainUp, we prioritise user security and provide tailored solutions to help exchanges navigate the regulatory landscape with confidence.

ChainUp empowers clients with state-of-the-art technology solutions, offering a comprehensive suite of products and services, including digital asset exchange solutions, NFT trading Systems, liquidity systems, wallet solutions and various other next generation Web 3.0 blockchain solutions.

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About ChainUp:

"A global-leading provider of comprehensive blockchain technology solutions. Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp's innovative and all-around compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, and digital assets custody and management. Headquartered in Singapore and with offices around the world, the company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users."