Vincent Chok, CEO of First Digital, a crypto custody platform, has called for Hong Kong to speed up its approach to cryptocurrency regulation. In an interview, Chok acknowledged Hong Kong’s current conservative stance on crypto trading regulation, citing investor protection as the key reason. However, he emphasized the need for faster regulatory development to ensure the region stays competitive in the rapidly evolving crypto industry. Chok also highlighted that banks are unlikely to provide digital asset custody services soon, as these services come with risks beyond their comfort zones.