According to The Block, the Hong Kong Securities and Futures Professionals Association (HKSFPA) has opposed the proposed new regulations on virtual asset management in its submission to regulators. They argue that removing the current Type 9 (asset management) license exemption for 'crypto asset allocations under 10%' would mean that even allocating just 1% to Bitcoin would require a full virtual asset management license. This mismatch between compliance costs and risk exposure could discourage traditional asset management institutions from exploring crypto assets. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=55379