[Hong Kong Securities And Futures Commission CEO Leung Fung-yee: The Global Crypto Landscape Is Polarized, Posing Severe Challenges To Liquidity And Compliance] Hong Kong Securities And Futures Commission CEO Leung Fung-yee Delivered A Keynote Speech At The Vietnam National Securities Commission Seminar. She Said That The Differences In Global Regulatory Approaches Pose Severe Challenges To The Liquidity And Compliance Of Crypto Assets. The Hong Kong Securities And Futures Commission Has Just Released A Virtual Asset Roadmap Called "Aspire", Which Points Out That The Global Crypto Landscape Is Polarized, And The Intensity Of Regulation Varies, From Light Regulation To Strict Review And Prohibition. European Jurisdictions Are Implementing Unified Standards. Although The United States Is In A Leading Position In Virtual Asset Exchange-traded Products And Derivatives, It Still Faces The Problem Of Decentralized Regulation, Which Is Also The Role Of The International Organization Of Securities Commissions In Setting Standards. Leung Fung-yee Emphasized That Regulation Is A Friend Of Innovation, Not An Enemy, And Helps Create A Nurturing Environment That Enables Innovators To Grow Responsibly. This Approach Supports The Sustainable Development Of The Technology Ecosystem