Crypto & Digital Assets - Hong Kong

RegulatedDual-regime under the Securities and Futures Ordinance (SFO) and Part 5B of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), administered by the Securities and Futures Commission (SFC); the AMLO VATP licensing regime has been mandatory since 1 June 2023.

Hong Kong operates a mandatory licensing regime for centralised Virtual Asset Trading Platforms (VATPs), run by the SFC, under which any platform doing business in Hong Kong or actively marketing to Hong Kong investors must be licensed. Security-token trading is licensed under the SFO (Type 1 and Type 7 regulated activities) while non-security virtual-asset trading is licensed under AMLO Part 5B, with the SFC applying parallel requirements across both. As of 2026 the framework is being expanded by a forthcoming bill to cover virtual-asset dealers, custodians, advisers and managers, completing coverage of the full value chain.

Machine-assisted translation · verified 5/23/2026 · orientation, not legal advice. English version →