Katherine Tsang

Mar 12, 2024 | lexology.com | Andrew McGinty |Katherine Tsang

On 20 February 2024, the Hong Kong Monetary Authority (HKMA) issued a letter addressed to all authorised institutions (AIs) in Hong Kong to which guidance on expected standards on the provision of custodial services for digital assets by AIs (Guidance) was annexed. What activities and assets does this guidance cover? The Guidance concerns custodial activities of digital assets.

Mar 1, 2024 | lexology.com | Andrew McGinty |Katherine Tsang

On 8 February 2024, the Financial Services and the Treasury Bureau issued a consultation paper to seek comments on proposed further amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) in order to regulate over-the-counter trading of virtual assets.

Jun 7, 2023 | lexology.com | Andrew McGinty |Mark Parsons |Katherine Tsang

On 23 May 2023, the Securities and Futures Commission (the "SFC") published conclusions (the "Consultation Conclusions") to its consultation launched in February 2023 on the proposed regulatory requirements for virtual asset trading platform ("VATP") operators. Please refer to our publication in February 2023 here for more information about the Consultation.

Feb 23, 2023 | lexology.com | Mark Parsons |Katherine Tsang

On 20 February 2023, the Securities and Futures Commission (the “SFC”) launched a public consultation (the “Consultation”) to seek views on the proposed requirements for operators of virtual asset trading platforms (“VA trading platforms”) under the new SFC licensing regime Introduction On 20 February 2023, the Securities and Futures Commission (the “SFC”) launched a public consultation (the “Consultation”) to seek views on the proposed requirements for operators of virtual asset trading...

Feb 6, 2023 | lexology.com | Mark Parsons |Katherine Tsang

In January 2022, the Hong Kong Monetary Authority issued a Discussion Paper on Crypto-assets and Stablecoins, inviting industry comments on the regulatory approach of crypto-assets, in particular payment-related stablecoins. On 31 January 2023, the HKMA issued its consultation conclusions on the Discussion Paper on Crypto-assets and Stablecoins, summarising the feedback received from the industry and the HKMA's proposed regulatory regime.