Hong Kong: Securities and Futures Commission revised licensing process for virtual asset trading platforms
Progress
Current status
adopted
18 Dec 2024 adopted
Scope
Implementers
Hong Kong
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national
Timeline of events
Securities and Futures Commission adopted revised licensing process for virtual asset trading platforms
On 18 December 2024, the Securities and Futures Commission (SFC) issued a circular outlining a revamped licensing process and second-phase Assessment for virtual asset trading platforms (VATPs). The circular introduces a new approach wherein VATPs m…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
other regulatory body