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ARTICLE · 19 FEBRUARY 2025

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Looking Back, Looking Forward: Highlights And Prospects In Hong Kong Fintech Regulation

Tanner De Witt
Tanner De Witt
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Tanner De Witt

Tanner De Witt

Tanner De Witt is an established independent law firm in Hong Kong. Its primary focus is business...

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The fintech landscape in Hong Kong witnessed significant regulatory developments in 2024. More lies ahead for 2025 with several regulatory initiatives in prospect.

Hong KongTechnology
Padraig Walsh
Padraig Walsh
Oliver Lam
Oliver Lam

The fintech landscape in Hong Kong witnessed significant regulatory developments in 2024. More lies ahead for 2025 with several regulatory initiatives in prospect. In this article, Pádraig Walsh from our Fintech team highlights three key developments in 2024, and foreshadows three possible highlights in the year to come.

2024 in review

Virtual assets and tokenisation

In the course of 2024, the Financial Services and Treasury Bureau conducted and concluded its public consultation for feedback on proposals to regulate service providers of over-the-counter trading of virtual assets. The proposals will result in a new licensing system which will require licensees to abide by anti-money laundering and counter-terrorist financing requirements, to appoint competent compliance officers, and to implement internal policies and procedures to mitigate cybersecurity risks. The competent regulator will be the Customs and Excise Department (CED), though we would not be

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