#HongKongPlansNewVAGuidelines 🇭🇰 Hong Kong’s New Virtual Asset Guidelines & Global Market Implications 🌐💹
Hong Kong is enhancing its Virtual Asset (VA) regulations to build a safe, compliant, and innovative Web3 hub. Here’s what’s new:
🔹 Key Regulatory Updates
1️⃣ Mandatory Licensing – All Virtual Asset Trading Platforms (VATPs), including advisors and portfolio managers, must be licensed by the SFC.
2️⃣ Expanded Scope – Licensing now covers not only trading but advisory and management services.
3️⃣ Fit & Proper Checks – Operators and major shareholders must meet financial and ethical st