Hong Kong’s SFC recently introduced two major regulatory updates for virtual asset trading platforms (VATPs). There are (1) a Circular on Shared Liquidity by Virtual Asset Trading Platforms, and (2)…
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…
1. Opening Global Liquidity Pools: Shared Order Book Rules The Hong Kong Securities and Futures Commission (SFC) announced on 3 November 2025 that licensed Virtual Asset Trading Platform Operators (VATPs)…
On 28 November 2024, the Hong Kong Monetary Authority (“HKMA”) launched the Digital Bond Grant Scheme (“DBGS”) and began accepting applications. The DBGS will run for an initial period of…
Managing Cryptocurrencies in Hong Kong: Do You Need a Licence Uplift? As virtual assets (VAs) — including cryptocurrencies such as Bitcoin (“BTC”) and Ethereum (“ETH”) — become more integrated into…



