3/N
In 2021, the government released a summary document and submitted a draft to the Legislative Council;
In 2022, the Legislative Council passed the draft, granting the China Securities Regulatory Commission the power to supervise virtual asset service providers;
2023,
On February 20, the China Securities Regulatory Commission issued regulatory rules and consultation documents;
The collection of consultation opinions will be stopped on March 31;
In 2024, the transition period ends on May 31, and businesses must operate with a license thereafter.