**Warning:** The target language specified in the input is `ko` (Korean). However, according to the role definition provided at the beginning, the required translation direction is **Chinese to English**. I will perform the translation according to the role's primary instructions (Chinese to English), ignoring the conflicting single-line target language specification. If you require Korean, please provide a new role definition. For now, the output below is in English. Hong Kong SFC Discusses Removing the 10% Minimum Exemption for Virtual Asset Management

Odaily reported that the Hong Kong Securities and Futures Professional Association stated that regulatory representatives, including Executive Director of the SFC's Intermediaries Division, Yip Chi-hang, and Deputy Secretary for Financial Services and the Treasury, Christopher Chan, held a meeting to discuss several specific policy changes. These include: removing the previous 10% minimum exemption for virtual asset management, with the new regulations taking immediate effect and no transition period.

Additionally, the SFC stated that it has communicated with the Hong Kong Securities and Investment Institute (HKSI). In the future, the examination and courses for virtual asset platform practitioners will be split, and examination fees will be reduced, aligning them with the current fees for papers such as Paper 2 and Paper 3. The Hong Kong Securities and Futures Professional Association also called for a clear demarcation between technology services and regulated activities, suggesting that the SFC establish a clearer approval timeline and a phased reference framework. (Sing Tao Daily)