Hong Kong's New Crypto Licensing Rules
Update: 2025-12-24
Description
Hong Kongs Financial Services and Treasury Bureau, in collaboration with the Securities and Futures Commission, have concluded consultations and are set to implement licensing rules for virtual asset dealers and custodians. This move aligns with Hong Kongs growing interest in crypto regulation, following the launch of a stablecoin licensing regime in 2025 and the approval of eleven crypto trading platforms since 2020. The city aspires to become a leading crypto hub, leveraging its position as a finance gateway between China and global markets, and is currently seeking feedback on licensing crypto advisory and management services, tying them to anti-money laundering rules.
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