Hong Kong Prepares for Virtual Asset Dealer Regulations in 2026
The Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) in Hong Kong are making significant strides towards implementing regulations for virtual asset dealers and custodians.
Hong Kong Regulators Target 2026 Legislation for Virtual Asset Dealer and Custodian Rules
The Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) in Hong Kong have concluded consultations on virtual asset dealer and custodian regimes. They are now planning to introduce a new bill to the Legislative Council (LegCo) next year, marking a significant step towards the regulation of virtual assets in the region.
This move comes as part of Hong Kong's efforts to enhance investor protection and combat money laundering and terrorist financing risks associated with virtual assets. By establishing clear rules for virtual asset dealers and custodians, the regulators aim to promote a more transparent and accountable ecosystem for these financial services.