Techub News Report, according to Hong Kong Economic Journal, Hong Kong Institute of Certified Public Accountants President Lo Cheuk Kin stated that the institute is developing virtual asset accounting guidelines, with the first part already issued. The second part involves audit requirements for stablecoins and is currently being discussed with the Hong Kong Monetary Authority, with an expected release within 6 months; the third part aims to be launched by the end of the year at the earliest, but implementation depends on reaching consensus with regulators and industry stakeholders.