The Hong Kong Securities and Futures Commission (SFC) has initiated a tender process for a virtual asset transaction monitoring system, as reported on October 28. This move aims to enhance the SFC's regulatory capabilities in overseeing virtual asset trading. The deadline for bid submissions is set for November 7, 2025, with the selection of the winning bidder anticipated in the first half of 2026. The new system is expected to bolster the detection of irregularities in virtual asset transactions.