Tag "Financial Services and the Treasury Bureau (FSTB)"

Hong Kong Sets 29 February Licensing Deadline for VASPs

The Secretary for Financial Services and the Treasury, Christopher Hui, emphasised in a recent blog post the crucial deadline for unlicensed Virtual Asset Service Providers (VASPs) in Hong Kong to submit their licensing applications by 29 February. Hong Kong’s risk-based

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All You Need to Know About the Proposed Stablecoin Regulation in Hong Kong

As digital finance continues to evolve; regulatory frameworks struggle to keep pace with the rapid advancements and inherent risks. Hong Kong’s latest initiative, led by the Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA),

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Hong Kong Proposes New Licensing Regime for Stablecoin Issuers

The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) have issued a consultation paper proposing a regulatory regime for stablecoin issuers in Hong Kong. This announcement invites feedback from the public and stakeholders, signalling

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HK$500K Fine or 5 Years Prison Time for Fradulent Crypto-Trading, Said HK Regulator

James Lau, Secretary for Financial Services and the Treasury Bureau (FSTB) in a letter to the President said that misleading cryptocurrency activity is subject to a HK$500,000 fine or five years prison time. The following actions by virtual currency traders are

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