Global Fintech & Digital Assets Blog

Tag Archives: virtual assets

Hong Kong Regulators Update Guidance for Intermediaries’ Virtual Asset-Related Activities

Revamped SFC and HKMA guidance applies to intermediaries that distribute products or provide dealing, advisory, and asset management services related to virtual assets. By Simon Hawkins and Adrian Fong On 20 October 2023, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC) issued a joint circular (Joint Circular) to provide updated … Continue Reading

New Era Dawns for Hong Kong’s Virtual Assets Sector

The regulatory perimeter continues to expand as the Securities and Futures Commission introduces a comprehensive regime to regulate virtual asset service providers. By Simon Hawkins and Adrian Fong In December 2022, Hong Kong passed the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 (Amendment Bill), which will establish a new licensing regime and statutory framework … Continue Reading

Dubai Virtual Assets Regulation Authority Enacts New Regime to Regulate Virtual Assets

The new regime specifies licensing and reporting requirements for a range of activities related to virtual assets in the Emirate of Dubai. By Brian A. Meenagh, Matthew Rodwell, and Ksenia Koroleva On February 7, 2023, the Dubai Virtual Assets Regulation Authority (VARA) adopted the Virtual Assets and Related Activities Regulations 2023 (the Regulations) together with … Continue Reading

Hong Kong Formalises Legal Framework to Regulate Virtual Asset Exchanges

Hong Kong’s licensing regime for virtual asset service providers to take effect in March 2023. By Simon Hawkins, Adrian Fong, and Shirley Wong On 24 June 2022, the Hong Kong government gazetted the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 (Amendment Bill). The Amendment Bill proposes changes to the Anti-Money Laundering and Counter-Terrorist Financing … Continue Reading
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