Insider: Hong Kong Securities and Futures Commission has sought industry opinions on introducing a new licensing system for cryptocurrency custody services

Odaily Odaily News: According to people familiar with the matter, the Hong Kong Securities and Futures Commission has also sought opinions from companies in the industry in recent months on the introduction of a new licensing system for cryptocurrency custody services. The Hong Kong Securities and Futures Commission said that in order to promote the sustainable and responsible development of Hong Kong's virtual asset industry, the Hong Kong Securities and Futures Commission will work closely with other regulators to establish a strong, clear and consistent regulatory environment in Hong Kong. Earlier, there were reports that Hong Kong was exploring allowing the Securities and Futures Commission to supervise virtual asset OTC trading services together with the Customs and Excise Departments, but the relevant discussions are still in the early stages and may change. (South China Morning Post)