Wu learned that the Hong Kong Securities and Futures Commission today issued a circular to all licensed virtual asset trading platforms, clarifying the minimum standards for the custody of client virtual assets and good operating practices, covering aspects such as Cold Wallet facilities, third-party wallet usage, real-time monitoring, and executive accountability. This move aims to respond to recent overseas custody loophole incidents and implement the goal of safeguarding client assets outlined in the "ASPIRe" roadmap.

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