Hong Kong to extend crypto regime to four sectors with licensing
- —Amendments to the Anti-Money Laundering Ordinance (Cap. 615) to be tabled in LegCo this year
- —Trading to follow Type 1, advisory Type 4 and asset management Type 9 frameworks
- —Advisory and management consultations drew 51 responses over one month
- —Custodians would face new requirements on safeguarding client private keys
Why it matters: Hong Kong is assembling one of Asia's most comprehensive crypto licensing regimes, setting a regional benchmark and raising compliance barriers for operators.
Source: BITTIMES