The People's Bank of China released the "China Financial Stability Report (2024) ", which included references to global cryptocurrency regulatory developments, and highlighted the progress of cryptocurrency compliance in Hong Kong. In view of the potential spillover risks of cryptoassets to the stability of the financial system, regulators in various countries continue to increase the supervision of cryptoassets. Among them, Hong Kong, China actively explores the management of cryptoasset licenses, dividing virtual assets into two categories for supervision, namely securitized financial assets and non-securitized financial assets, and implementing a characteristic "dual license" system for virtual asset trading platform operators, which is applicable to the supervision and license system of the Securities and Futures Ordinance and the Anti-Money Laundering Ordinance respectively. Institutions engaged in virtual asset business need to apply for a registration license from the relevant regulatory authorities before they can operate. At the same time, Hong Kong has asked HSBC, Standard Chartered and other large Financial Institutions Groups to include crypto asset exchanges in the scope of daily customer supervision.