On 4 October 2019, SFC officially released the "Provisions Terms and Conditions on the Regulation of Licensed Enterprises Investing in Virtual Assets" (hereinafter referred to as the new regulations) on the official website. The new regulations are more specific regulatory provisions for licensed virtual asset managers after SFC issued the "Statement on the regulatory framework for management companies, fund distributors and trading platform operators of virtual asset investment portfolios" (hereinafter referred to as the "Statement") .

First, the SFC defines the institutions regulated by the new rules very professionally: firstly, it distinguishes futures, securities contracts, including bitcoin futures, and virtual assets such as direct investment in bitcoin; secondly, it considers that virtual assets may fluctuate sharply in a short period of time caused its proportion to the asset portfolio to exceed 10%. The new regulations point out that the licensed corporation is taking all reasonable and practicable measures to reduce the fund's investment in virtual assets in a timely manner to reducing the relevant investment proportion, then reduceing to less than 10% of the value of its total assets, this situation can also be exempt from new regulations.