#virtual asset

[rwatimes]

Hong Kong Crypto Rules Near Final Stage With New VA Licensing Plan

Hong Kong moves closer to final VA licensing rules for advisory and management firms as regulators prepare a 2026 bill for digital assets.

➤ Hong Kong is nearing the finalization of virtual asset (VA) licensing rules for advisory and management firms, with a bill expected in 2026. ➤ The new regulations, supported by the FSTB and SFC, aim to align VA advisory standards with existing securities regulations and impose capital requirements on VA management firms. ➤ These measures are part of Hong Kong's broader strategy to establish a comprehensive digital asset regulatory system and position itself as a leading digital asset hub.

[rwatimes]

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.

[rwatimes]

South Korea Tightens Rules on Overseas Crypto Transfers with New Law

South Korea tightens overseas crypto transfer rules, expands oversight, strengthens compliance, and improves cross-border digital asset regulation framework.

➤ South Korea has enacted a new law amending the Foreign Exchange Transactions Act to tighten regulations on overseas cryptocurrency transfers. ➤ The law expands oversight to include crypto exchanges and custody firms, requiring registration and enhancing monitoring to minimize illegal transactions and improve financial safety. ➤ Stricter penalties, including imprisonment and fines, are introduced for illegal foreign exchange activities, alongside a new crypto tax policy set to begin in January 2027.

[pavel-nosok]

Hong Kong Aims to Lead in Green Finance and Web 3.0, Says Financial Secretary

Hong Kong is setting its sights on becoming a global leader in two new fields: green finance and Web 3.0, according to a recent speech by the city’s Financial Secretary Paul Chan. (Read More)

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[pavel-nosok]

Dubai Regulator Unveils Schedule of Fees for Virtual Asset-Related Activities

The Dubai Virtual Asset Regulatory Authority (VARA) recently announced the schedule of fees “covering the issuance of no-objection certificates to proprietary traders, amendments or withdrawal of licence applications, and the submission of whitepapers for VARA review.” According to VARA, licensed entities seeking to completely withdraw from Dubai will be asked to pay a license withdrawal fee of…

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[alrowaadlaw01]

A virtual asset, in simple terms, can be defined as a digital representation of value that is traded online and acts as a medium of exchange or a store of

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