Hong Kong advances virtual asset advisory and management rulemaking
The Block
Hong Kong regulators have finalized consultation conclusions for new licensing regimes governing virtual asset advisory and management services.Summary
Hong Kong's Financial Services and the Treasury Bureau and the Securities and Futures Commission have released consultation conclusions for new virtual asset advisory and management licensing regimes. Guided by the principle of "same business, same risks, same rules," the framework aligns virtual asset oversight with existing securities regulations. The rules establish clear financial resource requirements and clarify that dually licensed entities will adhere to the highest applicable capital floors to avoid redundant requirements. The government plans to introduce a bill to the Legislative Council in 2026 to foster a secure, regulated digital asset ecosystem.
(Source：The Block)