Hong Kong to expand crypto licensing with new bill by 2026

4.7 Regulation

Oct 5, 2026

Hong Kong will introduce a bill by 2026 to license virtual asset trading, custody, advisory, and management services, expanding regulation and supporting its financial market strategy.

Hong Kong will introduce new legislation by the end of 2026 to establish licensing regimes for virtual asset trading, custody, advisory, and management services. This amendment bill is part of the 2026–2030 financial market development strategy and aims to expand the regulatory framework beyond crypto trading platforms and stablecoin issuers. The proposed rules for advisory and management services are expected to align with existing securities licensing standards. The Securities and Futures Commission will also implement stricter custody oversight and introduce new digital asset monitoring tools by 2027. Additionally, the government is reviewing the broader legal framework for virtual assets in collaboration with the Hong Kong Monetary Authority. The legislation must be submitted to the Legislative Council and pass the legislative process before taking effect. This initiative is designed to reinforce Hong Kong’s position as an international financial center and foster growth in the financial sector.