This article provides an in-depth analysis of the development of Hong Kong's cryptocurrency policies in 2024, reviewing the evolution of regulation since 2014. It explores the roles and responsibilities of regulatory bodies such as the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), as well as key policy measures like the licensing regime for Virtual Asset Service Providers (VASP). The article serves as a comprehensive policy guide by examining Hong Kong's regulatory framework, legal requirements, and market positioning in the cryptocurrency space. Additionally, it discusses Hong Kong's strategic role as an international financial center in the global cryptocurrency market and the opportunities and challenges under the regulatory environment. Whether you're a market participant, investor, or policy researcher, this article helps you understand Hong Kong's cryptocurrency policies' current state and future direction.