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SFC and HKMA Issue Joint Circular on Intermediaries’ VA-related Activities

SFC and HKMA Issue Joint Circular on Intermediaries’ VA-related Activities (January 2022)

The Securities and Futures Commission (the SFC) and the Hong Kong Monetary Authority (the HKMA) issued updated guidance for intermediaries distributing virtual asset-related products and/or offering virtual asset dealing or advisory services. The HKMA and the Hong Kong Insurance Authority have also published separate circulars on regulatory approaches in relation to virtual assets and virtual asset service providers.

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