At FinTech Week 2025, BC Wong calls Hong Kong’s data-driven regulation a global benchmark for trust, compliance, and innovation

At the “Regulator and Visionary Forum” during Hong Kong FinTech Week 2025, BC Wong, Chief Executive Officer of KuCoin, praised Hong Kong’s science-based, RegTech-driven regulatory framework as a credible global model for digital finance. His remarks came amid rising international interest in how jurisdictions can balance innovation with effective oversight in Web3 and digital assets.

Participating in the main stage panel titled “The Globalization of Digital Asset Trading: Building a Borderless Financial Ecosystem,” Wong commended the Hong Kong Securities and Futures Commission (SFC) for implementing a regulatory system that emphasizes technology-driven transparency and data intelligence. “The SFC has pioneered a RegTech-driven, science-based approach to regulation. This not only enhances market safety and transparency but also provides a clear framework for industry development,” Wong said.

Trust and Transparency as Pillars of Global Compliance

In his address, Wong underscored that long-term trust in digital finance depends on consistent compliance and full transparency. “Platforms must ensure transparent disclosure to regulators. We cannot claim compliance in words but act otherwise. Trust comes from transparency, consistency, and accountability,” he stated.

KuCoin’s approach reflects this principle in practice. Wong revealed that 80% of KuCoin’s 1,300 employees are engineers, underscoring the company’s identity as a Web3 financial infrastructure provider rather than a simple exchange. This focus on technology, he said, enables KuCoin to maintain the highest standards of security, data integrity, and compliance—factors increasingly crucial in a regulatory environment evolving toward automation and cross-border oversight.

Investor Takeaway

KuCoin’s emphasis on RegTech and transparent compliance reflects a growing institutional shift toward technology-led governance in digital finance — signaling stronger long-term trust in regulated crypto markets.

Why Hong Kong’s RegTech Approach Is Drawing Global Attention

Hong Kong’s regulatory framework has become a reference point for emerging digital finance hubs. Its adoption of RegTech tools—ranging from AI-assisted risk monitoring to blockchain-based compliance reporting—has positioned the city as a model for data-driven supervision. The SFC’s structured licensing system for virtual asset platforms has attracted both global exchanges and fintechs seeking regulatory certainty without stifling innovation.

According to Wong, this hybrid model allows innovation to flourish under well-defined boundaries, fostering trust among both investors and regulators. “A truly trusted exchange must be reliable to users, to regulators, and to its employees — and must uphold consistent standards across all jurisdictions,” he emphasized.

Investor Takeaway

Hong Kong’s RegTech-based oversight could shape how other jurisdictions craft digital asset laws, creating an environment where compliant platforms gain a competitive advantage.

Global Cooperation and the Path Forward

Wong concluded by reiterating KuCoin’s commitment to collaborative engagement with global regulators, including ongoing dialogue with the SFC and other Asian authorities. The goal, he said, is to advance a balanced model of compliance, innovation, and user protection—a framework that can serve as the foundation for a truly borderless financial ecosystem.

“We see Hong Kong as a credible example of how regulation and technology can move together, not against each other,” Wong noted. “As digital finance continues to globalize, this balance will determine which markets lead the next chapter of Web3 adoption.”

For KuCoin, aligning with forward-thinking regulators is both a strategic and ethical imperative. By integrating compliance automation, proof-of-reserve verification, and advanced monitoring systems, the exchange aims to set a standard for responsible innovation—one that reflects the RegTech-first principles championed by Hong Kong.