Hong Kong Regulators Target 2026 Legislation for Virtual Asset Dealer and Custodian Rules

The FSTB and SFC concluded consultations on virtual regimes and plan to introduce new bill to LegCo next year.\nWhat to know : Hong Kong plans to introduce legislative proposals to regulate virtual asset dealers and custodians in 2026. The proposals aim to create a licensing framework under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. The SFC is consulting on extending oversight to virtual asset advisers and managers, with comments due by Jan. 23.