The Hong Kong Institute of Certified Public Accountants plans to introduce two more accounting guidelines for virtual assets this year.

According to the Hong Kong Economic Journal, the president of the Hong Kong Institute of Certified Public Accountants, Law Cheuk-kin, stated that following the release of financial reporting guidelines on cryptocurrencies and stablecoins last month, the Institute plans to launch two more virtual asset-related guidelines this year. The second part concerns content related to the Hong Kong Monetary Authority's audit requirements for stablecoins and is expected to be released within six months. The third part is accounting guidance related to virtual assets, with the goal of launching it as early as the end of the year, but this still requires consensus with regulators and the industry before its release.