May 26
Hong Kong finalizes licensing rules for virtual asset advisory and management firms
Hong Kong's SFC and FSTB finalize licensing rules for virtual asset advisory and management firms, setting capital requirements and aligning crypto with existing securities law.
➤ Hong Kong's SFC and FSTB have finalized licensing rules for virtual asset advisory and management firms, aligning them with existing securities regulations. ➤ New requirements include specific capital thresholds (HK$5 million paid-up, HK$3 million liquid for custodians) and will operate under the AMLO. ➤ These regulations aim to enhance investor protection and provide regulatory clarity, paving the way for increased institutional capital deployment in the region.