Angelina Kwan, former head of regulatory compliance department in Hong Kong Exchanges and Clearing (HKEX), has been chosen to be BitMEX Chief Operating Officer
Angelina Kwan was in the regulatory office of HKEX from January 2015 until August 2018 and a director at the Securities and Futures Commission from 1998 to 2006.
Kwan hopes that her past working experiences will be able to assist in cultivating a dialogue with proper authorities worldwide on the regulation of the cryptocurrency market.
Asian countries like China and South Korea has banned digital coin trading. Hong Kong and other territories are yet to establish complete regulatory standards for exchange platforms. Kwan analyzes that the lax regulation is the cause for investor’s lack of confidence in crypto trading.
Her interest in digital assets started in 2013 when she received payment in Bitcoin for advising another cryptocurrency platform. The price of the crypto asset then was at $800. Now it is at $6,429 as the time of writing.