A new guidance creates a regulatory framework for tokenisation of retail investment products and provision of services for tokenised financial instruments. By Simon Hawkins and Adrian Fong On 2 November 2023, the Securities...more
Revamped SFC and HKMA guidance applies to intermediaries that distribute products or provide dealing, advisory, and asset management services related to virtual assets.
On 20 October 2023, the Hong Kong Monetary...more
10/30/2023
/ Asset Management ,
Cryptoassets ,
FinTech ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Institutional Investors ,
Investment Adviser ,
Investors ,
Joint Policy Statements ,
New Guidance ,
Regulatory Authority ,
Retail Investors ,
Trading Platforms
The regulatory perimeter continues to expand as the Securities and Futures Commission introduces a comprehensive regime to regulate virtual asset service providers.
This Client Alert reviews key obligations and...more
The SFC issued a statement to clarify its regulatory approach in relation to non-fungible tokens and remind investors of related risks.
On 6 June 2022, the Hong Kong Securities and Futures Commission (SFC) issued a...more
The Hong Kong government has issued its widely anticipated consultation conclusions on a new framework to regulate virtual asset exchanges. On 21 May 2021, the Hong Kong Financial Services and the Treasury Bureau (FSTB)...more
5/26/2021
/ Anti-Money Laundering ,
Anti-Terrorism Financing ,
Consultation ,
Crypto Exchanges ,
Cryptoassets ,
FinTech ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Licenses ,
Market Participants ,
Peer-to-Peer ,
Regulatory Requirements
Throughout 2020, cryptocurrencies experienced incremental progress towards the mainstream as institutional investors and financial institutions made positive statements about the nascent asset class, an increasing number of...more
1/29/2021
/ Anti-Money Laundering ,
Banking Sector ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
Initial Coin Offering (ICOs) ,
Investment Firms ,
Investors ,
Popular ,
Virtual Currency
Regulators propose new regulations for virtual asset exchanges and enhanced customer identity verification requirements, and launch an innovative commercial data interchange.
This blog post summarises key regulatory...more
12/9/2020
/ Anti-Money Laundering ,
Consultation ,
Data-Sharing ,
Financial Institutions ,
FinTech ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Regulatory Standards ,
Singapore ,
Trading Platforms ,
Verification Requirements ,
Virtual Currency
The HKMA introduces a new data sharing initiative, reported on the central bank digital currency initiative, and outlined regtech plans.
The fifth annual Hong Kong Fintech Week conference kicked off with speeches and panels...more
11/4/2020
/ Blockchain ,
Commercial Loans ,
Data-Sharing ,
Digital Currency ,
Exports ,
Financial Institutions ,
FinTech ,
Hong Kong ,
Imports ,
Open Banking ,
Popular ,
Regulatory Oversight ,
Small and Medium-Sized Enterprises (SMEs) ,
White Papers
Hong Kong’s Securities and Futures Commission’s introduces new licensing regime to regulate previously unregulated markets and restates expectations regarding security token offerings.
The second day of Hong Kong Fintech...more
Crypto-asset trading is a fast-growing part of the financial sector. Some countries have wholeheartedly embraced crypto-assets; others have been reticent to permit widespread adoption. Generally, countries have interpreted...more
SFC outlines new regulatory framework for virtual asset trading platforms, HKMA highlights recent FinTech initiatives, and PBOC discusses China’s forthcoming central bank digital currency.
The fourth annual Hong Kong FinTech...more
11/7/2019
/ AML/CFT ,
Banking Sector ,
China ,
Digital Assets ,
Digital Currency ,
FinTech ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Payment Systems ,
Popular ,
Trading Platforms
Regulatory sandboxes are becoming a global trend, providing plenty of opportunities for innovative businesses.
Pioneered in the UK as part of the Financial Conduct Authority’s (FCA) “Project Innovate”, a regulatory sandbox...more
Initial Coin Offerings (ICOs) involve issuers offering virtual coins or tokens that are created and disseminated using distributed ledger or blockchain technology. The capital raised from the offer will fund the development...more
9/5/2017
/ Blockchain ,
Canadian Securities Administration ,
Cross-Border Transactions ,
Distributed Ledger Technology (DLT) ,
Financial Conduct Authority (FCA) ,
FinTech ,
Howey ,
Initial Coin Offering (ICOs) ,
Monetary Authority of Singapore ,
Securities ,
UK