Hong Kong to broaden crypto rules with new licences for dealers and custodians
New frameworks mooted for virtual asset dealing and custodian services, as Hong Kong forges ahead with plans to become a digital-asset hub
Hong Kong will broaden its crypto rule book next year, with regulators preparing new licensing regimes for virtual asset dealers and custodians, as the city pushes to deepen its digital asset market even as Beijing tightens its scrutiny on crypto activities on the mainland.
In a government statement, SFC chief executive officer Julia Leung called the latest plans “significant progress” that would keep Hong Kong “at the global forefront” of digital asset market developments, and said that the city would maintain “an unwavering commitment to responsible innovation”.
The latest measures reflect Hong Kong’s push to deepen its digital asset market even as the sector faces growing headwinds.