1. Hong Kong plans legislation to regulate crypto trading & custody, targets tabling bill within 2026 link

Joseph Chan, Acting Secretary for Financial Services and the Treasury of Hong Kong, said on June 1 that following the implementation of licensing regimes for trading platforms and stablecoin regulation, Hong Kong will further roll out comprehensive regulation covering virtual asset trading, custody, advisory and asset management services to realize full-chain supervision of the ecosystem. The proposed regime requires all entities conducting such businesses in Hong Kong to secure a licence or registration from the SFC unless exempted. The scope of trading, advisory and asset management largely aligns with Type 1, Type 4 and Type 9…