#比特币2026年行情展望 $BTC、$ETH、$BNB……Hong Kong SFC recently voiced different opinions on the new regulatory framework for digital asset management in Hong Kong.

Câu hỏi then arises: What does the new regulation want? In simple terms, it aims to eliminate the current "minimum ratio" requirement. What is the current rule? Asset management firms holding a Type 9 license can, after filing, invest up to 10% of their funds in cryptocurrencies without needing an additional virtual asset management license. However, the proposed new regulation insists on changing this— even if you allocate only 1% to Bitcoin, you must have a full virtual asset license.

What does the Hong Kong Securities and Futures Commission think? They believe this "either-or" regulatory logic is problematic. Why? Because it would double the compliance costs for traditional asset management companies and pose a substantial barrier to their entry into the crypto space. In plain terms, it raises the entry threshold too high.

And regarding custody. The association believes that limiting custody to only licensed custodians under the SFC is simply not realistic, as it would stifle local firms' business expansion. They advocate supporting both self-custody solutions and the use of offshore custodians to provide market flexibility.