TechFlame news, August 15. According to a report by Jin10 Data, the Hong Kong Securities Regulatory Commission today issued a circular to all licensed virtual asset trading platforms, clarifying their requirements for steady custody of clients' virtual assets, and laying a solid foundation for the industry to gradually adopt more advanced custodian technology under the Aspire roadmap. In the latest circular, the Securities Regulatory Commission listed a number of examples of good practices and minimum standards that virtual asset trading platform operators should meet, covering the responsibilities of senior management, infrastructure and operation of clients' cold wallets, application of third-party wallets, and real-time threat monitoring. In the future, these standards will also

become the core regulatory requirements for virtual asset custodians and help push the industry to establish an effective virtual asset custody framework.