Demand Jumps for Vital Crypto-Compliant Workers

The crypto industry's notoriously inadequate corporate governance and wave of bankruptcies have drawn the attention of regulators.

Companies are now competing for a limited number of professionals with the necessary skills and crypto expertise, making good compliance workers more valuable than ever.

That is more so after the collapse of crypto-serving banks in the United States.

Hong Kong is addressing the scarcity of vital workers by planning to create new regulations for trading digital assets.

The city's Securities and Futures Commission (SFC) announced its findings following a weeklong consultation last week, and one of them suggested that licenced crypto platforms might operate with fewer "responsible officers" than was originally expected.