Hong Kong's virtual asset regulatory framework has been established, with key infrastructure in place. What should be the next focus? Industry insiders believe it should shift towards practical implementation—enhancing liquidity and accelerating product approval processes. What can these actions bring to the Hong Kong dollar circle? More institutional-level virtual asset trading and innovative products. Once these steps are smoothly implemented, Hong Kong has the opportunity to become a major global hub for virtual assets, attracting more projects and capital inflows. The combination of regulation and commercialization may be exactly what this market needs.