#HongKong Regulators Advance #Crypto Dealer Licensing Rules


Hong Kong's Financial Services and the Treasury Bureau and the Securities and Futures Commission concluded consultations on licensing regimes for virtual asset dealing and custody firms.


The proposed framework would require companies providing crypto dealings or custody services in Hong Kong to obtain licenses once regulations take effect. The move expands the city's regulatory oversight following the introduction of its Stablecoin Ordinance earlier in 2025.


Hong Kong already mandates licensing for #crypto trading platforms under a regime that evolved from an opt-in framework introduced in 2020. The SFC has approved 11 companies to date while rejecting more applicants than it has granted licenses.


Julia Leung, CEO of the SFC, said the framework development would help Hong Kong maintain its position in global digital asset market developments by fostering a trusted, competitive and sustainable ecosystem. The city has expressed long-term ambitions to function as a crypto hub alongside its established role as a financial gateway between mainland China and global capital markets.

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December 24, 2025 at 7:45 PM