Hong Kong: Adopted SFC and HKMA joint circular on intermediaries' virtual asset-related activities
Description
Adopted SFC and HKMA joint circular on intermediaries' virtual asset-related activities
On 20 October 2023, the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) released a Joint Circular on intermediaries' virtual asset (VA) related activities. The circular clarifies the obligations under the updated …
Scope
Policy Area
Consumer protection
Policy Instrument
Quality of Service requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies), DLT development
Implementation Level
national
Government Branch
executive
Government Body
central bank