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Hong Kong Consults on Proposed Approach to Stablecoin Legislation

The proposed regulatory framework would create substantive obligations on issuers of fiat-referencing stablecoins to safeguard the public. On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and...more

Hong Kong Regulators Update Guidance for Intermediaries’ Virtual Asset-related Activities

Revamped SFC and HKMA guidance applies to intermediaries that distribute products or provide dealing, advisory, and asset management services related to virtual assets. On 20 October 2023, the Hong Kong Monetary...more

Hong Kong Regulators Announce Streamlined Approach to Dealing With Sophisticated Professional Investors

The HKMA and the SFC permit relaxation of suitability and other regulatory requirements while dealing with high-net-worth and experienced investors. On 28 July 2023, the Hong Kong Monetary Authority (HKMA) and the...more

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