Hong Kong virtual asset regimes secure strong industry backing
TechăăHong Kong virtual asset regimes secure strong industry backingăăHong Kongs top finance bodies have published consultation conclusions on their proposed licensing regimes to govern virtual asset advisory and virtual asset management services under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AML/CFT).ăăThe Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC)âthe government bureau that oversees policies for financial services, taxation, and public finance, and the independent regulator that supervises Hong Kongs securities and futures markets, respectivelyâpublished this week their consultation conclusions on the legislative proposal to regulate virtual asset advisory and management service providers in Hong Kong.ăăAccording to the two authorities, the consultation, which was launched on June 27, 2025, received âbroad market supportâ for the proposed regimes, which aim to strengthen risk management and investor protection, âwhile promoting responsible financial innovation in the development of Hong Kong as a premier global hub for digital assets.âăăThe consultation received a total of 51 responses from a broad spectrum of stakeholders, with respondents reportedly agreeing that the framework should follow a âsame business, same risks, same rulesâ principle.ăăSpecifically, for virtual asset dealers, the regimes will closely align with those for securities dealers, while for custodians, the new regimes









