The SFC’s Circular sets out the minimum custody obligations of SFC-licensed VATPs and gives examples of best practices which, while not compulsory, provide ways of meeting the new minimum obligations.

The Guideline on Supervision of Stablecoin Issuers sets out how stablecoin issuers licensed by the HKMA under the Stablecoins Ordinance can meet the ongoing licensing criteria under Schedule 2 of the Ordinance

Major changes to the HKEX Listing Rules took effect on 4 August 2025, including reductions in the share allocation to the subscription tranche and the public float requirement on listing

The FSTB and SFC issued a Public Consultation on a Legislative Proposal to Regulate Virtual Asset Custodian Services on a proposed licensing regime regulating VA custodian service providers in Hong Kong

The FSTB and SFC issued a “Public Consultation on Legislative Proposal to Regulate Dealing in Virtual Assets” on a proposed licensing regime regulating Hong Kong VA dealing service providers