Wire · regulatory
Hong Kong plans new licenses across 4 crypto services
◆ Sectors
◆ Geography
◆ Source
◆ Verified
Fusion42 · 5 October 2026 · Fusion42 review
Hong Kong plans to introduce legislation by the end of 2026 establishing four new licensing regimes for virtual asset dealing, custody, advisory, and management services, expanding its regulatory framework beyond trading platforms and stablecoin issuers. The Securities and Futures Commission will license and supervise these services, with advisory and management regulations mirroring existing securities standards and tighter custody regulations to be implemented alongside new monitoring tools in 2027.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Hong Kong's new crypto licensing will force advisory and custody service founders to start compliance preparations now or lose early mover advantage. Firms in virtual asset dealing must engage the SFC immediately to shape licensing scopes and avoid regulatory surprises next year.
◆ Coverage
1 source · 5 Oct 2026
◆ Related on Wire
◆ Topics