The SFC's and HKMA's updated guidelines on virtual asset (“VA”) activities – A significant tightening of permissible VA related activities for licensed intermediaries
February 2022
Right on the cusp of the Lunar New Year (28 January 2022) – the SFC and the HKMA have jointly issued a set of updated guidelines (“Guidelines”) for SFC regulated entities engaging in Virtual Asset (“VA”)-related activities in Hong Kong. This comes as a significant addition to the set of guidelines the SFC promulgated back in November of 2018, and also materially tightens the scope for conducting VA-related activities in Hong Kong.
Click below to download our key takeaways from the Guidelines, and also our thoughts on what these mean for the VA industry and its players in Hong Kong.
This publication was jointly published by PwC and Tiang & Partners.
Tiang & Partners is an independent Hong Kong law firm that closely collaborates with the global PwC network.
For a deeper discussion, please contact Gaven Cheong and Joyce Tung at Tiang & Partners, or PwC contacts listed below.
