The digital assets industry has found a new home in Hong Kong. The city's regulators initially rolled out their comprehensive licensing regime in 2019, and have since further refined it multiple times. Starting June 1 2023, all virtual asset trading platforms, whether already operating or being created, have to either start the application process or cease their operations.
One Year After: The Evolution of HK's Crypto Licensing Regime
Donald Day, COO of VDX, provides valuable insights on Hong Kong's evolving digital asset landscape and the city's role as a global digital asset hub.
Latest
Kraken's Fed Access Ends Crypto's Reliance on Fragile Bank Partnerships
Wyoming-chartered Kraken Financial granted Fed master account, enabling direct Fedwire settlement without intermediary banks
Standard Chartered Names Karby Leggett as Asia Head of Digital Assets
Appointment reflects bank's push into crypto and tokenized assets across region
Sanctions Evasion Through Crypto Surged Sevenfold in 2025, Chainalysis Report Shows
Iran, Russia, and North Korea embedded digital assets into state finance strategies
NYSE Owner ICE Invests in Crypto Exchange OKX at $25 Billion Valuation
Partnership will bring US-regulated crypto futures and tokenized NYSE equities to OKX's 120 million users