2026 Edition
Exam Practice Booklet
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HKSI Specialist free test 20 questions unlockedLast updated: Jul 24, 2026
CVAP Free Practice Test
Post-training Examination for the Core Curriculum of the Certification Programme for Virtual Asset Professionals (CVAP)
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40 real exam Qs60 min exam80% pass mark
Free practice question 1 of 20
Introduction to Virtual Assets - hard
Score: 0
A licensed representative for a fund manager is assessing a new service launch. Which of the following statements about prior regulatory consultation is correct?
Statements I to IV
I. A fund manager can launch a non-custodial staking service without prior SFC approval as long as disclosure is provided.
II. When a new service involves smart contracts that control client assets, the fund manager should consult the SFC to confirm whether licensing or approval is required.
III. All new services involving virtual assets must be approved by the SFC regardless of whether they involve custody.
IV. If the service uses a third-party custodian, no prior consultation is needed because the custodian holds the assets.
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Timed practice, recall, weak-topic recovery, and final review.
82%
84.2%Accuracy
51sAvg pace
18dStudy streak
73Flagged
Mock exam trend
Active modules
HKSI Paper 188%
IIQE Paper 376%
CPWP Module 164%
Due review42 cards
Risk signalConduct
Next mock20 Qs
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Module 01
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42 lessons8 modulesMock debriefs
Course path
Professional tier curriculum
Valuation foundations6 lessons
02
Regulatory judgement7 lessons
03
Mock exam walkthroughs9 clips
04
Final review clinic4 clips
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CVAP
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CVAP Flashcards
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Introduction to Virtual Assets
Dashboard preview
CVAP readiness dashboard
A manager-style view for question volume, weak-topic recovery, recall work, and exam readiness before the final review window.
12-point lift projected
Attempts logged
160
question history+18% this week
Readiness
96%
combined signaltarget 85%+
Weak items
24
needs correction30 due
Recall assets
600
cards available78% map
Seven-day practice rhythm
Attempts, review, and recovery work tracked together.
M
T
W
T
F
S
S
Priority queue
Next best actions
Run a 20-question timed set
24 min block
Review last missed topic group
24 items
Refresh due flashcards
30 cards
Topic recovery matrix
Weak areas are grouped by control type so the next review block is specific.
Mandate and authority checks82%
Disclosure and suitability trail74%
Client asset or custody evidence68%
Reporting and record exceptions59%
Mock readiness plan
Next timed set20 Qs
Target accuracy85%
Review window48h
Topics to watch
Focus on the patterns behind the answers.
Topic 01
Introduction to Virtual Assets
virtual asset market landscape and ecosystem, major virtual asset categories and use cases, key risks of investing in virtual assets, virtual asset-related products and services
Topic 02
Overview of VA-related Products in Traditional Financial Market
virtual assets beyond cryptocurrencies, benefits and common product risks, virtual asset funds and spot ETFs, virtual asset futures and futures ETFs
Topic 03
Overview of Virtual Asset Regulatory Landscape in Hong Kong
tokenisation and virtual asset regulation in Hong Kong, AMLO virtual asset regulations and exclusions, SFO and AMLO licensing regimes, VATP licensing and dual licence arrangement
How to use this free set
Treat it like a diagnostic.
Start before you feel fully ready so the wording style becomes familiar under light pressure.
Review misses by topic and by format, especially I-to-IV statement-combination items.
Use the study guide to fill gaps, then come back and test recall again.