Hong Kong Securities Regulatory Commission releases new regulations on virtual asset custody On August 15th, the Hong Kong Securities and Futures Commission issued a circular to licensed virtual asset trading platforms, clarifying the requirements for stable custody of clients' virtual assets. The new regulations cover management responsibilities, cold wallet infrastructure, third-party wallet applications, and real-time threat monitoring, and will become the core regulatory standards for future custody services, aiming to enhance the industry's custody technology level and ensure the security of customer assets.