Skip to content

Demand Jumps for Vital Crypto-Compliant Workers

The crypto industry is facing a pressing challenge as regulators turn their focus towards corporate governance and bankruptcies, prompting companies to vie for a limited pool of professionals skilled in compliance and crypto expertise.

Photo by Austin Distel / Unsplash

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.

This post is for subscribers only


Already have an account? Sign In