Hong Kong Secretary for Finance and the Treasury Hui Ching-yu said that the one-year transition period for the virtual asset service provider licensing system implemented in Hong Kong is about to end, and all Hong Kong virtual asset service providers must submit a license application on or before February 29 this year. All virtual asset service providers that fail to submit an application on or before February 29 and receive a "notice of non-licensing" from the Securities and Futures Commission must end their business in Hong Kong. (Golden Ten)