Hong Kong has set out plans to submit legislation before the end of 2026 that would create licensing regimes for virtual asset dealing, custody, advisory and management services.
Summary
- Hong Kong plans four new licensing regimes covering virtual asset dealing, custody, advisory and management.
- The government expects to introduce the amendment bill to lawmakers before the end of 2026.
- Advisory and management rules will broadly mirror existing securities licensing standards for comparable regulated activities.
- Hong Kong already licenses crypto trading platforms and stablecoin issuers under separate regulatory frameworks today.
- The SFC plans tighter custody surveillance…
