In an interview with 21st Century Business Herald, HashKey Group chief operating officer Livio Weng said that the virtual asset trading services of various virtual banks have not yet been launched and are still awaiting approval from the HKMA. It is expected that the first virtual bank will be approved in the next quarter. In addition to virtual asset ETF trading, these banks also plan to expand their cryptocurrency product lines, including partnering with virtual asset exchanges to provide services for users to directly purchase and trade cryptoassets. Livio Weng also pointed out that the development of virtual banks in Hong Kong in the field of virtual asset trading faces some challenges. The regulatory framework of the HKMA for virtual assets is still being refined, so various virtual banks need to pay close attention to regulatory developments to ensure compliance of their business and transactions.