Policy
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.
Guides
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.
Policy
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.