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Hong Kong VASP Licensing Regime: Guidelines for Virtual Asset Trading Platform Operators under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615)

This regime requires centralized virtual asset trading platforms (VATPs) operating in or marketing to Hong Kong to be licensed by the Securities and…

What Hong Kong VASP Licensing Regime: Guidelines for Virtual Asset Trading Platform Operators under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) requires

This regime requires centralized virtual asset trading platforms (VATPs) operating in or marketing to Hong Kong to be licensed by the Securities and Futures Commission (SFC). Mandated by Part 5B of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), it imposes stringent requirements on financial resources, risk management, custody of assets, token admission, and conduct of business, including specific rules for serving retail investors.

Pillar: Crypto & Sovereign Finance · Authority: Securities and Futures Commission (SFC), Hong Kong · Version: 1.0.0 · Last updated:

Primary source: https://www.sfc.hk/en/crypto-related-activities

SHA-256 integrity: 217cfb6c09ec5b8c10fe968df1a999ad00d4b711177ea0a54db8fde96fb4c629

Primary Citations — 6 traced to source

  • Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), Part 5B - Licensing of Virtual Asset Services
  • Guidelines for Virtual Asset Trading Platform Operators (SFC, June 2023), Guideline 7 - Admission of virtual assets for trading

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