HONG KONG, Oct. 25, 2024 /PRNewswire/ -- As the newly appointed Chairman of the Board at OSL, Lawrence Lee brings a wealth of experience and a fresh perspective to the digital asset industry. In an exclusive interview with the OSL PR team, Lee shared his insights on the challenges faced by the industry, potential for growth across the APAC region, and his vision for OSL's future.
Q: What do you see as the biggest challenge facing the digital asset industry today?
Lee: The most significant challenge facing our industry today is the lack of education and understanding among the general public. Most of the news surrounding our industry tends to have a negative sentiment, which makes many people, who might otherwise be interested in digital assets, hesitate.
We need to focus on education that can scale and keep pace with the rapid changes in our industry. It's essential to elevate our level of communication and address fundamental questions like: What is Bitcoin? How is it produced? What can I do with it? Why do we need it? We should also explore how digital currencies relate to traditional finance and the real-world economy - which is also why governments around the world are eager to push for advancements in this space.
I believe we share the duty to bring these high-level concepts down to earth. We're seeing universities set up programmes exploring these new subjects and the new economy. There's a great opportunity for collaboration here – turning academic knowledge into practical information for the mass audience.
Q: How do you view the development of the digital asset industry in the APAC region?
Lee: The development in APAC is very promising. Southeast Asian and developing markets tend to be more receptive to new technologies. They are eager to explore new opportunities and represent a blue ocean for our industry. Their openness to new ideas creates a fertile ground for innovation and growth, providing a unique opportunity to shape the future of digital assets.
Q: What would you say to anyone who challenges your decision to join the digital asset industry?
Lee: I'd simply say, "Come back to me after a year – you might ask us to set up an account for you." This industry is moving at an incredible pace, and I believe those who are skeptical now may soon see the transformative potential of digital assets.
Q: How do you see OSL contributing to the growth and maturation of the digital asset industry?
Lee: OSL has a unique position as a regulated, listed entity with deep roots in the digital asset space. We have the opportunity to set the standard for transparency and compliance in the industry. I see our role as not just growing our business, but also elevating the entire industry.
We can leverage our position to bridge the gap between traditional finance and the world of digital assets. By maintaining our commitment to regulatory compliance while also driving innovation, we can help build trust in this new financial paradigm.
Moreover, I believe OSL can play a crucial role in education initiatives. We have the expertise and the platform to help demystify digital assets for a broader audience, from retail investors to institutions.
Conclusion:
Lawrence Lee's vision for OSL and the digital asset industry is one of education, innovation, and responsible growth. His emphasis on transparency, regulatory compliance, and bridging the knowledge gap highlights OSL's position as a leader in the regulated digital asset space. As the industry continues to evolve, Lee's leadership promises to guide OSL towards new heights, while also contributing to the maturation and wider acceptance of digital assets across the APAC region and beyond.
About OSL
Backed by Asia's leading public fintech and digital asset company, OSL Group (863.HK), formerly BC Technology Group, OSL is the world's first SFC-licensed and insured digital asset platform. Founded in 2018, OSL has an established history in the sector and is recognised by many as the leader in providing comprehensive regulated and licensed digital asset solutions.
OSL offers Markets services (brokerage, exchange, and custody) and SaaS technology solutions, which deliver institutional clients in addition to professional and retail investors access to global liquidity through its best-in-class digital asset platform. OSL's secured and insured hot and cold wallet infrastructure also ensures the safekeeping of digital assets with timely transaction settlements.
As the digital asset industry continues to evolve, so does OSL. OSL's simple and tailored approach compliantly navigates international clients through the evolving digital assets environment.
For more information, visit: group.osl.com