According to Sing Tao Headlines, the Hong Kong Securities and Futures Professionals Association said that after a meeting with regulatory representatives, including Chen Haoliman, Deputy Director of the Financial Services and the Treasury Bureau, and Ye Zhiheng, Executive Director of the Intermediaries Division of the Securities and Futures Commission, the Securities and Futures Commission pledged to push forward the splitting of the “Virtual Asset Platform Practitioner Examination (CVAP)” exam and curriculum, optimize revision materials, and reduce assessment fees. The association said that some new regulations on virtual assets lack specific operational guidance, leaving institutions facing compliance and operational pressure. In the future, it will continue to communicate with the Financial Services and the Treasury Bureau and the Securities and Futures Commission on issues including private fund self-custody, the boundary between technology services and regulated activities, the VA Payment regulatory framework, the cold/hot wallet ratio, insurance coverage, on-chain transfer arrangements, and the approval of virtual asset derivatives.