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Hong Kong Financial Services and Treasury Bureau and SFC Release Consultation Summary on Virtual Asset Trading and Custody Licensing

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Hong Kong’s Financial Services and Treasury Bureau and SFC have released a consultation summary on virtual asset trading and custody licensing. The market broadly supports bringing these services under regulation. The framework will mirror traditional securities rules, with a focus on private key custody and Countering the Financing of Terrorism. A one-month consultation on advisory and management licensing is now open, with legislation likely to reach the Legislative Council in 2026. The move aims to strengthen liquidity and crypto markets oversight while ensuring compliance with global standards.
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