An industry body in Hong Kong is reportedly opposing stricter crypto licensing rules proposed for asset managers. According to reports, authorities have initiated consultations regarding the introduction of new licensing regimes. These regimes would cover crypto asset dealing, advisory services, and management services. The specific details of the proposed rules and the industry body's objections were not disclosed in the provided source. The development highlights ongoing regulatory considerations surrounding the cryptocurrency sector in Hong Kong.

An industry body in Hong Kong is reportedly opposing stricter crypto licensing rules proposed for asset managers. According to reports, authorities have initiated consultations regarding the introduction of new licensing regimes. These regimes would cover crypto asset dealing, advisory services, and management services. The specific details of the proposed rules and the industry body's objections were not disclosed in the provided source. The development highlights ongoing regulatory considerations surrounding the cryptocurrency sector in Hong Kong.