Hong Kong January 2025 VATP SFC compliance requirements
On 16 January 2025, the Hong Kong Securities and Futures Commission (HK SFC) announced new regulatory standards for Virtual Asset Trading Platforms (VATPs).
Hong Kong SFC Streamlines Licensing Process for Virtual Asset Trading Platforms
On 16 January 2025, the Hong Kong Securities and Futures Commission (HK SFC) published details of a new streamlined licensing process that now applies to all new applicants for a virtual asset trading platform (VATP) licence in its Circular to New Virtual Asset Trading Platforms Seeking to be Licensed – Enhanced Licensing Process and Revamped External Assessments.
Hong Kong Court Orders JPEX to Return 247,498 USDT to Customers
The Hong Kong District Court ordered unlicensed crypto exchange, JPEX, to return 247,498 USDT to two plaintiffs who were unable to withdraw their deposits.
SFC Warns Public of Allegedly Fraudulent Crypto-related Activities
Hong Kong’s SFC closely monitors unauthorised crypto products and activities conducted by entities not regulated by them. As of 8 April 2024, they have listed 27 suspicious crypto products and businesses on their alert list, emphasizing their commitment to investor protection.
FSTB Consultation Paper: Regulating OTC Virtual Asset Trading Under New Licensing Regime
The FSTB is proposing to introduce a new licensing regime to regulate providers of over-the-counter trading of virtual assets under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance
SFC issues guidance for tokenisation of SFC-authorised investment products and intermediaries engaging in Hong Kong tokenised securities-related activities
The SFC issued circulars providing guidance on the tokenisation of investment products and conduct-related guidance to intermediaries engaging in tokenisation of securities-related activities in Hong Kong.