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Hong Kong authorities are moving to introduce a new licensing regime for virtual-asset advisory and management services, extending formal oversight beyond crypto trading and custody.
Crypto-focused media outlet BlockBeats reported on May 26 that Hong Kong’s Financial Services and the Treasury Bureau and the Securities and Futures Commission released the results of a public consultation on a regulatory framework for virtual-asset advisory and management services.
The authorities said proposals to license virtual-asset advisory and management services won broad market support during the consultation period. The framework targets firms that…
