Grace Fung

2 weeks ago | globalcompliancenews.com | Karen H.Y. Man |Grace Fung |Samantha Lai

On 19 February 2025, the Securities and Futures Commission (SFC) issued a regulatory roadmap (Roadmap) for Hong Kong’s virtual asset (VA) market.

2 months ago | lexology.com | Grace Fung |Christina Lee |Karen H.Y. Man |Sophia Man |Jeremy C. Ong |Jason Ng

In briefNew regime for the listing of Alternative Asset Funds17 February 2025, the Hong Kong Securities and Futures Commission (SFC) published its Circular on Listed Closed-ended Alternative Asset Funds ("Circular").

Dec 17, 2024 | globalcompliancenews.com | Karen H.Y. Man |Grace Fung |Samantha Lai

On 6 December 2024, the Hong Kong government gazetted the Stablecoins Bill  (“Bill“), which aims to establish a regulatory regime for issuers of fiat-referenced stablecoins (“FRS“) in Hong Kong. This follows public consultations by the Financial Services and the Treasury Bureau (“FSTB“) and the Hong Kong Monetary Authority (“HKMA“). For more details, see the Previous Consultations section in the linked alert below.

Apr 3, 2024 | globalcompliancenews.com | Karen H.Y. Man |Grace Fung |Samantha Lai |Aaron Dauber

In briefOn 12 March 2024, the Hong Kong Monetary Authority (HKMA) issued a press release announcing the launch of its new stablecoin issuer sandbox arrangement (“Stablecoin Sandbox”). The Stablecoin Sandbox is another step following the legislative proposal to implement a new regulatory regime for stablecoin issuers.1 The Stablecoin Sandbox will facilitate communications between the HKMA and interested stablecoin issuers to gauge the expected regulatory standards.

Mar 22, 2024 | lexology.com | Karen H.Y. Man |Grace Fung |Samantha Lai |Aaron Dauber |Erin Cao

On 12 March 2024, the Hong Kong Monetary Authority (HKMA) issued a press release announcing the launch of its new stablecoin issuer sandbox arrangement ("Stablecoin Sandbox"). The Stablecoin Sandbox is another step following the legislative proposal to implement a new regulatory regime for stablecoin issuers.1 The Stablecoin Sandbox will facilitate communications between the HKMA and interested stablecoin issuers to gauge the expected regulatory standards.