Elliptic

🇭🇰 Hong Kong is set to add four virtual asset licenses: dealing, custody, advisory and management. None of them is covered by an existing Type 1, Type 4, Type 9 or VATP license. There is also no grandfathering. Firms need to hold a license on the day the regime commences, and regulators have warned that those who haven't engaged the SFC may have to stop operating. The bill hasn't reached the Legislative Council yet, but the consultation conclusions are already detailed enough to act on. Our new post, from the pen of Elliptic's June Lau, maps readiness across five stages of the risk lifecycle. https://t.co/I1UnwotAJZ