Woofun AI reports that the Hong Kong Securities and Futures Professionals Association met with regulators on July 3 to address virtual asset platform operating costs. The dialogue covered new policies, licensing frameworks, and financial burdens faced by industry participants.

The association cited hardware security module monopolies, restrictive hot-to-cold wallet ratios, stringent insurance mandates, and high on-chain transfer fees as primary cost drivers. Participants urged flexible regulatory adjustments within risk parameters, while also discussing licensing efficiency, innovative product timelines, and VA Payments oversight responsibilities.