in order to support the development of sustainable business models for licensed virtual asset trading platforms, the Hong Kong Securities and Futures Commission is establishing a formal advisory group for all licensed virtual asset trading platforms, composed of representatives from each licensed institution, to ensure that the Commission considers their views in the policy-making process.

The Hong Kong Securities and Futures Commission expects the advisory group to be launched in early 2025. In the future, the Commission will release a white paper on priority regulatory issues in the virtual asset industry, based on discussions conducted by the group and feedback from other stakeholders.