Hong Kong tightens crypto rules for dealers and custodians – Details
For the past year, Hong Kong’s crypto plans felt incomplete.
Retail trading platforms had rules to follow, but the most important players, custodians who protect assets and dealers who handle big trades, were still operating without clear guidelines.
And, finally, on Christmas Eve, that changed.
Hong Kong’s new crypto rules
The Financial Services and the Treasury Bureau (FSTB) and the SFC have now finished consultations on a new licensing system for virtual asset dealers and custodians.
By regulating these mid-level players, the city is finally prepared to welcome serious institutional investors who expect top-tier safety.
Hong Kong’s motto, “same business, same risks, same rules,” is no longer just a slogan.
The new…
