Hong Kong is preparing to expand its virtual asset regulatory framework, with proposed licensing requirements covering VA dealing services, custody, advisory, and management services. BWC Member June Lau offers insights on the key takeaways from recent regulatory consultations and what financial institutions and digital asset firms should consider as they prepare for the new regime. Overall, the piece highlights practical steps for firms to assess their current VA activities, strengthen governance and compliance controls, and prepare for evolving requirements.

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All views expressed by members are their own and do not necessarily reflect the views of the Bretton Woods Committee.