TideBit plans to apply for a VASP license in Hong Kong, criticizes current regulations and aims to provide a smoother service

TideBit still expects to make recommendations to the authorities so that the new regulation will better suit the nature of the market.

Tidebit suggested that tokens should be regulated from a new perspective tobe in line with the development of the industry.

TideBit believes that Hong Kong's regulatory requirements should be adapted to virtual asset market and will work with local banks.