📍 Navigating Type 1 Virtual Asset Uplift | Event Recap 🇭🇰 As Hong Kong’s virtual asset framework evolves, institutions are moving from asking whether to enter the market to working out how to do it in practice. On 28 August, Beosin x Sumsub @sumsub brought together professionals from finance, virtual assets, payments, legal, compliance and RegTech to discuss KYC, KYT, stablecoins, PayFi and licence uplift. 🔹 From verification to on-chain risk detection Andrew Liew from Sumsub shared how unified verification, KYC and Travel Rule solutions can support institutions expanding into virtual assets. Colin Chen from Beosin presented the AI Agent Enhanced KYT Compliance Solution, showing how AI and blockchain intelligence can strengthen transaction monitoring and identify suspicious on-chain activity. 🤝 Beosin and Sumsub exchanged “Valued Partner” recognition, reflecting our joint approach to risk management from user onboarding to on-chain monitoring. 🔹 Where can stablecoins create real value? Bobo Lee of Cyberport Hong Kong @cyberport_hk, Steven Wang of OSL @OSL_HK, Louie Lee of Prosynergy Consulting Limited, Felix Tsui of HKT and Jacky Fung of FOMO Pay @FOMOPayOfficial explored how stablecoins can move towards wider adoption. The panel discussed how an HKD stablecoin could differentiate itself from USDT and USDC, with potential use cases in institutional settlement, corporate treasury, cross-border trade and tokenised assets. They also considered the infrastructure needed at scale. 🔹 How can PayFi move from regulation to implementation? Ingrid Lin of HashKey Exchange @HashKeyExchange, Jayden Shao of Mankun Law Firm @mankunlaw, Monin Ung of MUNG Legal @MungLegal, Kenneth Lai of CoinW @CoinWOfficial, Kim Alicia of Beosin @Beosin_com and Andrew Liew of Sumsub @sumsub compared PayFi regulation and licensing in Hong Kong and Singapore. The discussion then moved into implementation: putting KYC, KYT, AML/CFT and the Travel Rule into practice across markets. 🔹 What does virtual asset uplift mean for brokers? Henry YU of ABCP (Association of Blockchain Compliance Professionals), Dr. Raymond Chan, CPA, CMA of Greater Bay Area Fintech League, Paolo Chen of VDX @VDXofficial, Dami Shen of Hundsun Ayers and Sally Yu of LONGPORT Whale discussed how traditional brokers can prepare for Hong Kong’s evolving virtual asset market. Topics ranged from regulatory developments and virtual asset OTC activities to licence uplift, KYT, on-chain risk controls and the capabilities firms need before entering the market. One point stood out: adoption depends not only on regulation, but on whether institutions can turn regulatory requirements into workable systems and operations. ✨ Thank you to all our speakers, partners and guests who made the afternoon possible. 📸 More highlights below.(Beosin 🛡 Web3 Security & Compliance)