This comprehensive article navigates the complex landscape of virtual assets and their regulation in Hong Kong. It delves into the nuances of virtual assets, distinguishing them from cryptocurrencies and blockchain-enabled products. It provides a detailed overview of Hong Kong's regulatory framework evolution, from the 2018 sandbox phase to the 2019 opt-in phase, and the mandatory licensing phase.
Gain valuable insights into licensing requirements for crypto exchanges, market intermediaries, and the proposed new regime for Virtual Asset Service Providers (VASPs). Download now for a deep-dive into investor protection, anti-money laundering obligations, and restricting services to professional investors with sufficient virtual asset investment knowledge.