Hong Kong plans to add two new types of licenses under the AMLO: "Virtual Asset Advice" and "Virtual Asset Management".

According to a report by Caixin, the Hong Kong Financial Services and Treasury Bureau and the Securities and Futures Commission jointly announced that, in addition to planning to establish a licensing regime for "virtual asset trading" and "virtual asset custody" under the Anti-Money Laundering Ordinance (AMLO), the authorities intend to add two new types of licenses: "providing advice on virtual assets" and "virtual asset management." A one-month public consultation will commence on December 24th. The consultation summary shows that a total of 194 submissions were received during the two-month consultation on the licensing regime for virtual asset trading and custody, with the majority of responses supporting the expansion of the regulatory scope. After further gathering market feedback, the relevant legislative proposals aim to be drafted into a bill and submitted to the Legislative Council for review in 2026.