Hong Kong outlines upcoming crypto licensing regime

Hong Kong's securities watchdog calls for public consultation over the upcoming licensing regime for crypto exchanges and service providers.

Hong Kong’s Securities and Futures Commission calls for public feedback on its newly proposed licensing regime for cryptocurrency exchanges set to take effect from June 2023.

The SFC’s proposed regulatory guidelines are based on existing requirements for licensed securities brokers and automated trading venues, while modifications have been made to some of the existing prerequisites. “As has been our philosophy since 2018, our proposed requirements for virtual asset trading platforms include robust measures to protect investors, following the ‘same business, same risks, same rules’ principle.”

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