Hong Kong’s Financial Services and the Treasury Bureau: Plans to submit legislative proposals on virtual asset advisory and management services within the year

According to reports by HKET, Hong Kong’s Acting Secretary for Financial Services and the Treasury, Mr. Chan Ho-lam, stated that the authorities will submit legislative proposals to the Legislative Council this year regarding virtual asset advisory and asset management services, aiming to establish a comprehensive regulatory regime covering trading, custody, advisory services, and asset management, and to implement a mandatory licensing arrangement.