TechFlow — Hong Kong SFC CEO Ashley Alder said that the Hong Kong Special Administrative Region government will introduce licenses for crypto assets, and all virtual asset trading platforms will be regulated.
On November 1, 2018, the Hong Kong Securities and Futures Commission (SFC) issued a statement indicating that for cryptocurrency exchanges, the SFC intended to test regulatory frameworks for related platforms under a sandbox program. If successful, licenses would be issued to cryptocurrency exchanges. On November 6, 2019, the SFC released "Warning on Virtual Asset Futures Contracts" and "Position Paper: Regulatory Framework for Virtual Asset Trading Platforms," stating that it would approve and issue licenses to entities engaging in regulated activities as defined under the Securities and Futures Ordinance.
