Odaily News Wayne Huang, head of OSL ETF and custody business, said in an interview that the regulation of cryptocurrencies in the United States is a matter of multiple departments speaking out at the same time or trying to regulate. It has been decided early on who should regulate cryptocurrencies in Hong Kong, that is, the Securities and Futures Commission. The Securities and Futures Commission has given some very clear regulatory frameworks. Hong Kong has already had a clear definition of Ethereum. Ethereum is not a security, but the first non-securities virtual asset to be included in Hong Kong regulation along with Bitcoin, and it is one of the two targets that can be provided to retail investors for trading.