Government plans to supercharge the digital assets industry, with crypto dealing and custody regimes the icing on the cake for a holistic regulatory framework....more
7/2/2025
/ Blockchain ,
Chain of Custody ,
Cryptocurrency ,
Custody ,
Digital Assets ,
Financial Regulatory Reform ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Licensing Rules ,
Policy Statement ,
Regulatory Reform ,
Regulatory Requirements ,
Securities Regulation ,
Stablecoins ,
Tokenization
Taking effect in August 2025, the new legislation will bring issuers of fiat-referenced stablecoins into the regulatory perimeter. By Simon Hawkins, Adrian Fong, and Sam Maxson On 21 May 2025, the Legislative Council of Hong...more
7/2/2025
/ AML/CFT ,
Cryptoassets ,
Disclosure Requirements ,
Financial Institutions ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Licensing Rules ,
New Legislation ,
Regulatory Requirements ,
Risk Management ,
Stablecoins
The government will enact the new legislation to bring issuers of fiat-referencing stablecoins into the regulatory perimeter.
On 17 July 2024, the Financial Services and the Treasury Bureau and the Hong Kong Monetary...more
7/29/2024
/ Blockchain ,
Compliance ,
Consultation ,
Corporate Issuers ,
Court of Justice of the European Union (CJEU) ,
Cross-Border ,
Cryptoassets ,
EU ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Licensing Rules ,
Sandbox ,
Stablecoins
Implementation of Basel Committee cryptoassets standard to provide additional clarity for banks looking to engage in cryptoassets business.
On 7 February 2024, the Hong Kong Monetary Authority (HKMA) released a...more
2/26/2024
/ Asset Tokens ,
Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Consultation ,
Cryptoassets ,
Financial Services Industry ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Popular ,
Prudential Standards ,
Stablecoins ,
Treasury Regulations
The proposed regulatory framework would create substantive obligations on issuers of fiat-referencing stablecoins to safeguard the public.
On 27 December 2023, the Financial Services and the Treasury Bureau (FSTB) and...more
The Monetary Authority of Singapore announced a new framework that seeks to ensure value stability for stablecoins regulated in Singapore.
On 15 August 2023, the Monetary Authority of Singapore (MAS), Singapore’s primary...more
The HKMA’s discussion paper seeks feedback on its proposed regulatory approach to stablecoins, with responses due by 31 March 2022.
On 12 January 2022, the Hong Kong Monetary Authority (HKMA), Hong Kong’s principal...more