The future of virtual assets: Insights from the SFC’s latest consultation

On 27 June 2025, the Financial Services & the Treasury Bureau and the Securities and Futures Commission jointly issued two consultation papers on new licensing regimes for virtual assets dealing and custodian services.

The joint consultations represent a tipping point in Hong Kong’s determination to become the leading global digital asset hub. This builds upon the foundations laid by previous policy initiatives and extends regulatory coverage beyond traditional trading platforms to encompass a broader ecosystem of virtual asset services.

Our whitepaper delves into the key proposals and implications of the consultation. It offers crucial insights for industry stakeholders keen to ensure their business remains compliant and competitive in this rapidly evolving landscape.

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