Chen Haiteng, CEO of Huobi Japan: Exchanges are an important link in the digital heritage ecosystem.

On the afternoon of August 25, Chen Haiteng, CEO of Huobi Japan, attended the BG2C FIN / SUM Blockchain & Industry (FIN / SUM Blockchain & Industry) Global Blockchain Governance Summit of the Japan News Financial joint venture News and Japan News. You have been invited to a panel discussion on “Japan's digital asset management ecosystem” by the Financial Services Agency. Chen Haiteng said in an interview that the digital asset exchange is not only a place where consumers do business, but also an important link in the storage of digital assets, which plays an important role in the management actives. In this regard, Japan already has relatively well established laws and regulations. The consumer's digital assets are stored in the exchange wallet and the consumer's fiat currency (JPY) is stored in the fiat currency exchange rate. By law, consumer goods and the exchange of personal goods must be regulated separately. At the same time, users of digital devices are still controlled separately in cold and hot wallets. According to changes in the law after May 1, 2020, consumer fiat (JPY) exchange rates will also be subject to regulatory confidence.