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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Stablecoin Regulation in Hong Kong: Everything You Need to Know
As digital finance continues to evolve; regulatory frameworks struggle to keep pace with the rapid advancements and inherent risks. In response to the emerging risks in the fast-evolving virtual asset (VA) sector, highlighted by events like the TerraUSD collapse, authorities
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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
Read MoreHK$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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