Babbitt reported on the spot that on December 1, the construction of the Hainan International Offshore Innovation and Demonstration Demonstration Zone and the Blockchain · Digital Asset Trading Technology Innovation High-end Forum was held in Sanya, Hainan. Gao Han, data consultant of the Singapore Financial Regulatory Authority Exchange and former managing director of the Hong Kong Stock Exchange, said in a speech that digital assets will be an important pillar of the future of the global financial industry. In the past few years, the Hong Kong Securities Regulatory Commission and the Singapore Financial Regulatory Authority have been competing Asian digital asset trading center, therefore regulatory measures and encouragement policies are frequent. He also pointed out that digital assets are undergoing rapid development, and the characteristics of various assets have evolved rapidly over time. The Hong Kong Securities Regulatory Commission has continued to strengthen investor education and take regulatory actions against persons suspected of misconduct. The new regulatory regulations of the Hong Kong Securities and Futures Commission are derived from the traditional experience of regulatory supervision of transactions, and have made appropriate adjustments and updates to "virtual assets" to make the regulatory framework more stringent. Regarding the characteristics of the regulatory measures, the Hong Kong Securities Regulatory Commission is top-down and the Singapore Financial Regulatory Authority is bottom-up.