On 27 June 2025, the Financial Services and the Treasury Bureau (“FSTB”) and the Securities and Futures Commission (“SFC”) jointly launched a public consultation (the “Consultation”) on new legislative proposals aimed at...more
7/9/2025
/ Cryptocurrency ,
Digital Assets ,
Financial Services Industry ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment ,
Investors ,
Licensing Rules ,
Proposed Legislation ,
Regulatory Reform ,
Securities Regulation
The Bill regulates “Specified Stablecoins” which is defined as cryptographically secured digital representations of value which, among other things, purport to maintain a stable value with reference wholly to one or more fiat...more
In Hong Kong, any person operating a money service is required to obtain a Money Service Operator (MSO) licence.
Money services include the following...more