TechFlow, October 6 — According to Hong Kong media Oriental Daily, Michelle Chan Mei-wai, Permanent Secretary for Financial Services and the Treasury (Financial Services), disclosed that the consultation on the licensing regime for virtual asset trading and custodian service providers concluded at the end of August, receiving over 80 submissions. The feedback is currently under analysis, with efforts underway to submit the legislation to the Hong Kong Legislative Council for deliberation in the first half of next year. Michelle Chan stated that the Securities and Futures Commission (SFC) will coordinate the licensing of virtual asset trading and custodian service providers and emphasized the need for a unified licensing authority.
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