[Hong Kong Financial Services and the Treasury Bureau: Amendment Bill to be Submitted This Year to Establish Licensing Regime for Virtual Asset Trading and Custody] BlockBeats News, October 5, Hong Kong Secretary for Financial Services and the Treasury, Christopher Hui, stated that in response to the innovative development of financial technology, an amendment bill will be submitted within this year to establish a licensing regime for virtual asset trading, custody, advisory, and management services. The Hong Kong Financial Services and the Treasury Bureau, together with the Hong Kong Monetary Authority, are also studying ways to optimize the legal framework to promote industries such as technology and telecommunications in enhancing detection and removal of content related to fraud (including misuse of AI-generated content). [Original Link]