Hong Kong relaxes virtual asset rules to cement role as Asia’s crypto hub
Hong Kong’s new rules around virtual asset trading platforms are pushing it ahead in the race to become a regional crypto hub, and opening opportunities around settlements and custody services for banks.
In a bid to tap global liquidity, Hong Kong’s Securities and Futures Commission announced it will now allow locally licensed VATPs to share their order books internationally via an overseas affiliate. Previously, all orders needed to be pre-funded and settled within Hong Kong.
