Hong Kong is set to introduce a unified licensing system for virtual asset investment advisors and asset management, integrating it into the anti-money laundering framework. The Financial Services and the Treasury Bureau, along with the Securities and Futures Commission (SFC), confirmed the establishment of this regime, which aligns with Type 4 and Type 9 business scopes under the Securities and Futures Ordinance. This initiative aims to submit an amendment bill to the Legislative Council in 2026. The new regulatory framework will encompass trading, custody, advice, and management of digital assets, forming a comprehensive oversight structure. Authorities are urging service providers to engage with the SFC on licensing matters promptly, as part of efforts to enhance regulatory clarity and security in the virtual asset sector.