Alicia Kao, Kucoin's managing director, has highlighted the significance of security and regulation in the digital asset space. She believes that the rapid response to incidents, along with transparency in sharing information, helps restore confidence in the industry. Kao stated that major centralized exchanges have been more successful in protecting against cyberattacks compared to decentralized finance (defi) platforms, due to the deployment of multilayered security protocols and partnerships with cybersecurity firms. She also emphasized the importance of engaging with regulators to enhance trust in the ecosystem. Kao discussed the surge in crypto adoption in Central and Southern Asia and Oceania, attributing it to the expansive mobile network, interest in alternative financial services, educational initiatives, and progressive regulatory frameworks. Furthermore, Kao commented on the recent surge in Bitcoin's value, stating that it can be attributed to improvements in the global liquidity environment, political factors, and heightened institutional investor interest. She mentioned that the current regulatory framework is evolving, with regulatory bodies recognizing the need for clear guidelines to ensure security and stability while fostering innovation. Kucoin actively engages with regulators to contribute to collaborative policymaking and enhance trust in the industry. Finally, Kao emphasized the importance of education in the cryptocurrency industry and recommended resources such as Kucoin's Learn & Earn program, webinars, research reports, and technical analysis content.
- Content Editor ( news.bitcoin.com )
- 2024-11-27
Rapid Response and Transparency Key to Building Trust in Digital Assets, Says Kucoin MD