Hong Kong: Consultation results include licensing regime for virtual asset services providers
Description
Consultation results include licensing regime for virtual asset services providers
The consultation carried out by the Financial Services and the Treasury Bureau from November 3, 2020 to January 31, 2021 includes a legislative proposal to require operators of virtual asset trading platforms to be licensed by the Securities and Fut…
Scope
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
central government
Complete timeline of this policy change
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2020-11-03
in consultation
2021-01-31
processing consultation