Wu said that the Financial Services and the Treasury Bureau of Hong Kong and the Securities and Futures Commission have jointly released a draft licensing system for digital asset trading and custody services, launching a two month public consultation that will end on August 29, 2025. The system intends to require all business operators in Hong Kong to hold certificates for employment without a transition period. The China Securities Regulatory Commission will be responsible for issuing licenses and formulating regulatory standards, while the Hong Kong Monetary Authority will supervise banks and other institutions to implement them. The new regulations aim to establish a complete digital asset regulatory system that covers trading, custody, asset management, and other aspects. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44676