It is with great pleasure that I inform you of a most remarkable development in the fair city of Hong Kong, wherein the esteemed organizations known as the Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) have, on this fine day of December 24th, in the year of our Lord 2025, concluded their consultations. How fortuitous for those who engage in the most modern of pursuits-virtual assets!
Indeed, these venerable institutions have taken a most progressive step forward in establishing legislative proposals for the regulation of virtual-asset dealers and custodians. Furthermore, they have opened a lively new discourse on the proposed regimes for advisory and management services, all whilst maintaining their delightful mantra of “same business, same risks, same rules.” Surely, they must have been inspired by the classics! 📚
The dealer regime, it appears, shall align itself with the Type 1 securities-dealing rules-a notion that would make any sensible soul nod in agreement. Meanwhile, the custodian regime takes upon itself the noble task of safeguarding private keys and client assets, which is rather like protecting one’s prized possessions from a wayward sibling. Those seeking to embark on this new venture are cordially invited to commence pre-application discussions, ensuring they are suitably prepared for the forthcoming licensing requirements. One cannot help but admire Hong Kong’s ambition to solidify its stature as a trusted haven for digital innovation-how very modern! 🎩💻
🧭 FAQs
• What regimes have the consultation conclusions covered? Virtual-asset dealer and custodian licensing proposals.
• When were the consultation results published? On 24 December 2025.
• Which new services are now under consultation? Advisory and management services for virtual-asset providers.
• Where can firms seek pre-application guidance? By contacting the Hong Kong Securities and Futures Commission.
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2025-12-25 12:02