The Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority have reviewed the current policy for intermediaries interested in engaging in virtual asset-related activities, and have updated the policy in response to the latest market developments and inquiries from the industry to further expand retail investment with appropriate safeguards The degree to which investors are involved in the field of virtual assets through intermediaries, and investors are allowed to deposit and withdraw virtual assets directly from intermediaries.
For the avoidance of doubt, this updated circular will replace the joint circular issued by the SFC and the Hong Kong Monetary Authority on 28 January 2022 on the virtual asset-related activities of intermediaries. (Financial Associated Press)