Hong Kong moves to ban "crypto exchange" in the names of unlicensed firms
The Securities and Futures Commission has concluded its consultation on misleading business names. Any firm calling itself a crypto exchange, virtual asset market or token trading platform would need SFC approval first, six months after the law passes.
Asia's local exchanges handled just 1.3% of flows as Binance took in a net $5.04 billion
South Korea led the local markets with $12.5 million net in. Upbit, HashKey, Bitkub and other home-market exchanges together handled about $538 million of deposits and withdrawals from October 26 to November 1, DeepSea's data shows.
Hong Kong crypto licensing explained: SFC exchange rules, 2 of 36 stablecoin bids
In Hong Kong, crypto exchanges need a license from the Securities and Futures Commission, and anyone issuing a fiat-backed stablecoin needs one from the Hong Kong Monetary Authority. Only two stablecoin issuers had been licensed as of April 2026: HSBC and Anchorpoint Financial.
Hong Kong's SFC calls it a world first: tokenized money market funds now trade 24/7
The SFC let two ChinaAMC tokenized funds trade around the clock on a licensed crypto platform. A week later the HKMA moved its own tokenized settlement rail to 24/7 and said regulated stablecoins are next.