Hong Kong proposes to adjust its virtual asset licensing system and add two new types of licenses.

[Hong Kong to Adjust Virtual Asset Licensing System, Proposed Two New Types of Licenses] Mars Finance reports that the Hong Kong Financial Services and the Treasury Bureau and the Securities and Futures Commission jointly announced that, in addition to issuing licenses under the Anti-Money Laundering Ordinance (AMLO) to regulate "virtual asset trading" and "virtual asset custody" according to the existing regulatory framework, they are also preparing to add two new types of licenses. The new licenses will respectively regulate "providing advice on virtual assets" and "virtual asset management," and a one-month public consultation will begin immediately. According to public consultation suggestions, the addition of licenses for "providing advice on virtual assets" and "virtual asset management" effectively separates the regulation of these two activities from the original "virtual asset trading" license.