Cryptocurrency Regulation

Overview

A balanced regulatory approach is crucial to address risks of virtual assets on the one hand, and to minimize the compliance burden to businesses on the other.

ICOs and other cryptocurrency offerings

Licensing and regulation of Virtual Assets Trading Platforms (VATPs)

Regulation of cryptocurrency exchanges

Regulation of initial coin offerings (ICOs), initial exchange offerings (IEOs) and stablecoin offerings

Drafting offering documents including review of white papers

Formation of cryptocurrency investment funds

Cryptocurrency block trades and escrow

Regulatory advice on all aspects of the cryptocurrency markets

How we can help

Cryptocurrency

Financial Markets

Securities Regulation

Landmark Ruling Involving Decentralised Autonomous Organisations (DAOs) https://hauzen.hk/wp-content/uploads/2023/04/bitcoin-rythik-A-p_6tFvGF8-unsplash_1400x787.jpg 1400 787 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 28/08/2024 02/09/2024

Landmark Ruling Involving Decentralised Autonomous Organisations (DAOs)

This Hong Kong ruling highlights the need for transparency in DAOs and acknowledges the legal complexities of blockchain and decentralized finance.

Hong Kong Takes a Step Closer to Enabling Stablecoins https://hauzen.hk/wp-content/uploads/2021/12/papers-pexels-brotin-biswas-518543_1400x788sm.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 29/07/2024 08/08/2024

Hong Kong Takes a Step Closer to Enabling Stablecoins

Introduction The Hong Kong Monetary Authority (“HKMA”), in collaboration with the Financial Services and the Treasury Bureau (“FSTB”), released a public consultation paper on 27 December 2023 outlining a legislative proposal for the regulation of stablecoin issuers in Hong Kong. After completing a two month-long public consultation in February 2024, the HKMA and FSTB finally…

Guide to Obtaining a VASP Licence in Hong Kong https://hauzen.hk/wp-content/uploads/2023/06/memory-pexels-pixabay-270549_1400x788.jpg 1400 788 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 01/06/2023 28/02/2024

Guide to Obtaining a VASP Licence in Hong Kong

A simplified guide to requirements virtual asset trading platforms (or cryptocurrency exchanges) must meet to obtain a virtual asset service provider licence.

Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime https://hauzen.hk/wp-content/uploads/2021/11/circuitboard-ryan-tpAyLp9Ro50-unsplash_1400x787.jpg 1400 787 Basil Hwang Basil Hwang https://secure.gravatar.com/avatar/5d3f58de143db081e366aef68a3a5c15?s=96&d=mm&r=g 13/02/2023 15/08/2024

Hong Kong Embraces Cryptocurrency: Get Ready for New VASP Regime

Operating a virtual asset in Hong Kong? Learn what you need to do to get ready for the new SFC legislation starting 01 June 2023!

Collapse of FTX Hastens Calls for Cryptocurrency Regulations https://hauzen.hk/wp-content/uploads/2022/01/bitcoin-pexels-alesia-kozik-6778581_1400x788sm.jpg 1400 788 Byron Chow Byron Chow https://secure.gravatar.com/avatar/da4b3f4ddc0f2cc2ce4863d34966070c?s=96&d=mm&r=g 18/01/2023 19/06/2024

Collapse of FTX Hastens Calls for Cryptocurrency Regulations

FTX’s collapse highlights the need to put in place regulations for cryptocurrency in the world’s major financial markets, and Hong Kong is committed to addressing such a need.

FSTB Concludes Landmark Consultation on New Licensing Regime for VASPs https://hauzen.hk/wp-content/uploads/2022/01/bitcoin-pexels-alesia-kozik-6778581_1400x788sm.jpg 1400 788 Basil Hwang Basil Hwang https://secure.gravatar.com/avatar/5d3f58de143db081e366aef68a3a5c15?s=96&d=mm&r=g 03/06/2021 19/06/2024

FSTB Concludes Landmark Consultation on New Licensing Regime for VASPs

Proposal has received broad support from respondents, who understand the importance of regulating VASPs in fulfilment of the obligations outlined by the FATF.

Virtual Assets: A Regulatory Overview https://hauzen.hk/wp-content/uploads/2018/03/bitcoin-andre-francois-mckenzie-9qpCNwDeBVU-unsplash_1400x935.jpg 1400 935 Hauzen Hauzen https://secure.gravatar.com/avatar/89f4c19e43caa7e0225dad1d9dad1fec?s=96&d=mm&r=g 03/06/2021 10/01/2022

Virtual Assets: A Regulatory Overview

A balanced regulatory approach is crucial to address risks of virtual assets on the one hand, and to minimize the compliance burden to businesses on the other.