Source: Hong Kong Government special administrative region
The Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) today (June 27) launched a joint public consultation on the legislative proposals for establishing licensing regimes for digital asset (DA) (referred to as “virtual asset” in the consultation document) (Note) dealing and custodian service providers. The public consultation will last for two months until August 29, 2025.
To promote the sustainable development of Hong Kong’s DA ecosystem while protecting investors and managing risks, the Government and financial regulators have been closely monitoring market developments and maintaining dialogue with industry stakeholders to continuously review and enhance Hong Kong’s regulatory framework for DA activities.* Licensing Regime for DA Custodian Service Providers: vacustody-consult@fstb.gov.hk