Deep Tide TechFlow news, on July 6, the Hong Kong Securities and Futures Professionals Association met with representatives of the Hong Kong Financial Services and the Treasury Bureau and the Securities and Futures Commission on July 3 to exchange views on topics such as the new virtual asset policy, licensing system, operational costs, and the Certified Virtual Asset Professional (CVAP) examination. During the meeting, the Association expressed concerns over the authorization and transparency of the CVAP examination system, and the SFC responded that it would promote the separation of courses and exams and reduce exam fees.

In addition, the Association also reflected the pressure on virtual asset trading platforms in terms of compliance and operational costs, suggesting a review of requirements such as hardware security modules, hot-to-cold wallet ratios, insurance coverage, and on-chain transfers. Both sides also discussed issues including the regulatory boundaries of technology services, transparency of licensing approval, approval of innovative products, division of regulatory responsibilities for virtual asset payments, and guidelines for self-custody of private funds.