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Cobo’s Plans for Hong Kong’s Crypto Landscape

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On April 10th, it was reported that at the roundtable forum of \”Big Wave Taosha | Web3 Continuous Entrepreneurs Xiangjiang Dialogue\”, Cobo co founder and CEO Shen Yu stated in resp

Cobos Plans for Hong Kongs Crypto Landscape

On April 10th, it was reported that at the roundtable forum of “Big Wave Taosha | Web3 Continuous Entrepreneurs Xiangjiang Dialogue”, Cobo co founder and CEO Shen Yu stated in response to Cobo’s development plan in Hong Kong that he is currently applying for more licenses based on the existing regulatory framework; In terms of product technology, Cobo will not only provide centralized custody solutions to meet the needs of compliant funds, but also focus on the development of next-generation private key security, providing decentralized custody based on MPC; In terms of personnel technology, we plan to expand our team in Hong Kong and accumulate more professional and business personnel; In terms of asset management, we will explore some on chain opportunities with partners and explore new sources of revenue. （Foresight）

Shenyu: Cobo is applying for a license based on the existing regulatory framework in Hong Kong and plans to expand its Hong Kong team

In a recent roundtable forum hosted by “Big Wave Taosha | Web3 Continuous Entrepreneurs Xiangjiang Dialogue”, Cobo’s co-founder and CEO, Shen Yu, shared the company’s plans to expand its footprint in Hong Kong’s crypto landscape. With the evolving regulatory environment, Cobo aims to provide centralized custody solutions while also focusing on the development of next-gen private key security and exploring new sources of revenue. Here’s a closer look at these plans and what they mean for Cobo and Hong Kong’s crypto industry.

Introduction

The fast-emerging crypto industry in Hong Kong has been gaining steam over the last few years. As a result, regulatory frameworks have been put in place to ensure that players in the industry conduct their businesses according to the law. Cobo, a leading digital asset management platform, has been eyeing the Hong Kong crypto landscape for some time now. At the recent roundtable forum, Cobo’s CEO shared the company’s plans for expansion in Hong Kong.

Cobo’s Expansion Plans in Hong Kong

Regulatory Compliance

Cobo understands the importance of regulatory compliance in today’s world of digital assets. Therefore, the company is in the process of applying for licenses based on the existing regulatory framework. This move will allow the company to continue offering its centralized custody solutions while adhering to Hong Kong’s regulations. Through this, Cobo can offer services to compliant funds while also working towards greater mainstream adoption of digital assets.

Next-Generation Private Key Security

Cobo is also focusing on the development of next-generation private key security. Through a decentralized custody based on MPC, users will have greater control over the assets they hold in their wallets. This move by Cobo will provide a secure way of storing and accessing digital assets, helping to build greater trust within the industry. Furthermore, this will give Cobo a competitive edge in the market and serve to attract more users.

Personnel Technology

Cobo’s CEO also disclosed that the company plans to expand its team in Hong Kong, aiming to accumulate more professional and business personnel. The move aims to capitalize on the growing digital asset industry in Hong Kong and offer personalized services to the clientele. The team expansion will ensure that the company can handle the growing demand for digital assets and provide innovative solutions to the market.

Asset Management

Cobo further aims to explore new sources of revenue by partnering with other players in the industry. Through partnerships, Cobo will explore on-chain opportunities with other companies in the industry. The move aims to explore new channels for revenue and solidify Cobo’s presence in the market.

Conclusion

Cobo’s expansion plans in Hong Kong are a testament to the growing demand for digital assets and the need for regulatory compliance. Cobo’s move towards developing next-gen private key security and exploring new sources of revenue will be instrumental in cementing its position as a leading digital asset management platform. The expansion of personnel technology will ensure the company can meet the growing demand for digital assets and personalized services.

FAQs

**1. What is Cobo?**
Cobo is a digital asset management platform that aims to provide innovative solutions to the digital asset industry.
**2. What are Cobo’s expansion plans for Hong Kong?**
Cobo aims to expand its team in Hong Kong, apply for new licenses, develop next-generation private key security, and explore new sources of revenue.
**3. How will Cobo’s expansion plans benefit the crypto industry in Hong Kong?**
Cobo’s plans aim to improve regulatory compliance, provide greater security for digital assets, and explore new channels for revenue, benefiting the crypto industry in Hong Kong.

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