On December 24, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) jointly published a consultation summary regarding legislative proposals for establishing a licensing system for virtual asset trading and custodial service providers. The FSTB and SFC also launched further public consultations today on the licensing system for service providers offering opinions on virtual assets and virtual asset management service providers, lasting for one month.
The Hong Kong Financial Services and the Treasury Bureau and the Securities and Futures Commission: Virtual asset trading and custody services are expected to be included in the regulatory framework.
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