Government plans to supercharge the digital assets industry, with crypto dealing and custody regimes the icing on the cake for a holistic regulatory framework....more
7/2/2025
/ Blockchain ,
Chain of Custody ,
Cryptocurrency ,
Custody ,
Digital Assets ,
Financial Regulatory Reform ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Licensing Rules ,
Policy Statement ,
Regulatory Reform ,
Regulatory Requirements ,
Securities Regulation ,
Stablecoins ,
Tokenization
Taking effect in August 2025, the new legislation will bring issuers of fiat-referenced stablecoins into the regulatory perimeter. By Simon Hawkins, Adrian Fong, and Sam Maxson On 21 May 2025, the Legislative Council of Hong...more
7/2/2025
/ AML/CFT ,
Cryptoassets ,
Disclosure Requirements ,
Financial Institutions ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Licensing Rules ,
New Legislation ,
Regulatory Requirements ,
Risk Management ,
Stablecoins
The government will enact the new legislation to bring issuers of fiat-referencing stablecoins into the regulatory perimeter.
On 17 July 2024, the Financial Services and the Treasury Bureau and the Hong Kong Monetary...more
7/29/2024
/ Blockchain ,
Compliance ,
Consultation ,
Corporate Issuers ,
Court of Justice of the European Union (CJEU) ,
Cross-Border ,
Cryptoassets ,
EU ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Licensing Rules ,
Sandbox ,
Stablecoins
On 24 June 2022, the Hong Kong government published in the Gazette the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 (Amendment Bill). The Amendment Bill proposes amendments to the Anti-Money...more