Based on MetaEra, on December 25 (UTC+8), Hong Kong’s Financial Services and Treasury Bureau and the Securities and Futures Commission jointly announced plans to introduce two new licensing categories for virtual assets. The new licenses will regulate 'providing advice on virtual assets' and 'virtual asset management,' with a one-month public consultation period starting immediately. The move aims to separate these activities from the existing 'virtual asset trading' license under the Anti-Money Laundering Ordinance (AMLO).
Hong Kong to Add Two New Virtual Asset Licensing Categories
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Summary
Hong Kong announced plans to expand its crypto asset classification framework by introducing two new virtual asset licensing categories. The Financial Services and Treasury Bureau and SFC will regulate 'providing advice on virtual assets' and 'virtual asset management' separately from trading. The move aligns with broader efforts to clarify risk-on assets oversight under the AMLO. A one-month public consultation starts immediately.
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