Diao Jiajun, Executive Director and Regulatory Affairs Manager of OSL, a licensed virtual asset trading platform in Hong Kong, stated that the platform must submit reports to the Securities and Futures Commission (SFC) every month based on the Financial Resources Rules (FRR) to ensure financial transparency, as well as ensure that the platform's liquid capital and capital reach the statutory level. The platform and its responsible persons must also undergo in-depth background checks by regulatory authorities for accountability when discussing recent virtual asset trading platform fraud cases in Hong Kong.