Interpret the new regulatory requirements, analyze the core impacts on the market, and based on this, propose response suggestions.

On December 24, 2025, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) jointly published a consultation summary on legislative proposals for regulating virtual asset trading and custody services, and at the same time, further conducted a one-month public consultation on the establishment of additional service providers for virtual assets and the licensing system for virtual asset management service providers.

#加密市场回调 正规军