Hong Kong doubles down on crypto regulation - Coinedict

2025-12-26 13:15:59

Hong Kong’s regulators are taking another decisive step toward becoming a global digital-asset hub. The Securities and Futures Commission (SFC) and the Financial Services and the Treasury Bureau (FSTB) have concluded consultations on new licensing regimes for virtual-asset dealers and custodians, and confirmed they’re moving ahead with implementation.

The new framework applies the principle of “same business, same risks, same rules”, aligning crypto dealers with existing securities-dealing standards while placing strong safeguards around custody — especially private key management and client asset protection.

At the same time, regulators have opened a fresh consultation covering virtual-asset advisory and asset management services, signaling that oversight will extend across the full crypto value chain, not just exchanges.

Authorities are also encouraging firms to begin pre-application discussions, helping serious players prepare early and raising the bar for compliance and investor protection.

The message is clear: Hong Kong isn’t stepping back from crypto — it’s professionalizing it. Clear rules, higher standards, and regulated access could make the city one of the most credible bridges between traditional finance and digital assets in Asia.

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