SFC, FSTB to introduce mandatory licensing regimes for virtual asset firms

27th May, 2026

Narayani Srinivasan
Hong Kong skyline with tall skyscraper and ferry on misty harbour.

The Hong Kong regulator has proposed expanding oversight of the cryptocurrency industry with mandatory licensing regimes for virtual asset advisory and management service providers, marking another major step in the city’s effort to position itself as a regulated digital asset hub.

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ABN AMRO
Bank of America
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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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