Hong Kong Introduces Comprehensive Licensing For Virtual Asset Services In 2026

Hauzen LLP

Hong Kong is developing a comprehensive licensing framework for virtual asset activities, creating distinct regimes for virtual asset dealing services...

Hong KongFinance and Banking

Jas Wu

Jay Lee

Hong Kong is developing a comprehensive licensing framework for virtual asset activities, creating distinct regimes for virtual asset dealing services, virtual asset custodian services, and virtual asset advisory and management services. This framework is intended to promote investor protection, market integrity, and Hong Kong's standing as an international financial centre for virtual assets.

With respect to the implementation timeline, the Financial Services and the Treasury Bureau (FSTB) together with the Securities and Futures Commission (SFC) intend to finalise legislative proposals for establishing licensing regimes for virtual asset dealing, advisory, and management service providers under the Anti‑Money Laundering Ordinance (AMLO), with the aim of introducing a bill into the Legislative Council in 2026.

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Hong Kong Introduces Comprehensive Licensing For Virtual Asset Services In 2026

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