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Hong Kong Expands Crypto Licensing to Cover Brokers and Custodians

Hong Kong Expands Crypto Licensing to Cover Brokers and Custodians

Author:

Global Cryptocurrency

Published:

2025-12-24 20:58:01

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BTCCSquare news:

Hong Kong regulators are tightening oversight of VIRTUAL asset markets with new licensing requirements for dealers and custodians. The Financial Services and Treasury Bureau and Securities and Futures Commission announced the move on December 24, closing regulatory gaps that emerged as crypto activity spread beyond exchanges.

The framework mirrors securities dealer rules, covering conversions, brokerage, block trading, and advisory services. This follows months of consultation and aligns with the SFC’s ASPIRE roadmap for comprehensive digital asset regulation.

Market participants broadly supported the proposals, which now advance to legislative implementation. The regime signals Hong Kong’s commitment to structured crypto oversight amid global regulatory evolution.

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