Hong Kong Finalizes Licensing Rules for Crypto Advisors and Fund Managers

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 3 days ago

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Regulatory Framework Enhancement: Hong Kong has finalized licensing rules for crypto advisors and virtual asset fund managers, marking a significant step in regulatory oversight of the digital asset market, ensuring alignment with Type 4 and Type 9 under the Securities and Futures Ordinance to enhance market transparency and security.
Advisory Services Under Regulation: The new framework incorporates companies providing virtual asset advisory services into the regulatory regime, requiring compliance with Anti-Money Laundering and Counter-Terrorist Financing Ordinance, which is expected to boost investor confidence and promote compliance across the sector.
Market Participant Feedback: The consultation received 51 submissions from market participants, industry groups, and professional bodies, indicating widespread industry interest and anticipation for the new rules, thereby reinforcing Hong Kong's leadership position in global digital asset regulation.
Future Legislative Plans: Hong Kong plans to introduce a bill to the Legislative Council in 2026, clarifying compliance requirements for crypto advisors and fund managers, driving the market towards greater compliance and professionalism, and further attracting international investors.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1780.303	1873.652	1970.803	2064.152	2161.303	2254.652	2351.803
Fibonacci	1873.652	1946.423	1991.381	2064.152	2136.923	2181.881	2254.652

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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