[Hong Kong Financial Services and the Treasury Bureau and SFC Publish Consultation Conclusions on Regulatory Framework for Virtual Asset Advisory and Management Services] BlockBeats News, May 26 – The Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) have published the consultation conclusions on the regulatory framework for providing advisory and management services related to virtual assets. The proposed licensing regime for virtual asset advisory and management services received broad support during the consultation period. Following the principle of 'same business, same risks, same rules,' the scope of the new licensing regime will align with the coverage of Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance. Together with the proposed licensing regimes for virtual asset trading and custody, this series of new frameworks will enhance participation in Hong Kong's digital asset market while contributing to the development of a robust and secure ecosystem under the SFC's 'ASPIRe' roadmap. (Hong Kong SFC)