Xu Zhengyu: The Hong Kong Securities and Futures Commission is consulting the public on the licensing system for digital asset trading service providers and digital asset custody service providers.

According to the Wise finance APP, the Director of the Financial Services Bureau of Hong Kong, Christopher Hui, responded to questions from legislators on July 31, saying that the Securities and Futures Commission of Hong Kong is consulting the public on the licensing system for digital asset trading service providers and digital asset custody service providers in order to quickly formulate legislative proposals. After the relevant legislative work is completed, Hong Kong's regulatory framework will comprehensively cover the key points of the digital asset industry, balancing risk management and investor protection, while providing favorable conditions for market development and financial innovation.