The Hong Kong municipal government has released information on licensing virtual service providers.

According to a report by Hong Kong Ta Kung Pao, the Office of Treasurer and Treasurer of the Hong Kong Special Administrative Region released the interview materials to gather public opinion on the amendment to Article 615 of the Hong Kong Code. Kong on November 3. Policy against money laundering and terrorism. Anyone wishing to participate in the regulation of the virtual real estate business in Hong Kong by establishing a license for virtual resources must apply for a license from the Securities and Futures Commission and comply with the regulations. The Money Laundering Prevention Law and Money Laundering Prevention Rules and other laws for the protection of traders in accordance with Section 2 of the Money Laundering Law. The proposal clarifies that anyone who participates in the management of virtual assets without authorization is a criminal offense and, if found guilty, faces up to seven years in prison and a fine of up to five million yuan. The anti-money laundering law and the anti-money laundering law against terrorists are punishable by up to two years of imprisonment, imprisonment, and a fine of 1 million yuan.