The Hong Kong Securities and Futures Commission updated the joint circular on virtual asset-related activities of intermediaries with the Hong Kong Monetary Authority issued on October 20 this year. The new rules added specify the requirements of the authorities for ETF issuers to launch virtual asset spot ETFs in Hong Kong. Dave Chapman, Executive Director and Regulatory Affairs Director of OSL, said that he welcomes the Hong Kong Securities and Futures Commission to allow Hong Kong to promote virtual asset spot ETFs, and the regulatory agency requires the underlying asset custodian of the ETF to be a licensed virtual asset platform or recognized financial institution in Hong Kong to effectively ensure that all virtual asset spot ETFs are limited to Hong Kong for operation, ensuring the integrity of regulation. OSL is applying to allow more currencies to be traded on its platform.