Primary Regulator: SFC/HKMA
Policy Events Tracked: 14
Last Updated: February 25, 2026
Q: What is the current crypto regulatory status in Hong Kong?
A: Hong Kong is actively developing its cryptocurrency regulatory framework under SFC/HKMA. We track 14 policy events for this jurisdiction.
Q: Do I need a license to operate a crypto exchange in Hong Kong?
A: Yes, most crypto-related activities in Hong Kong require licensing from SFC/HKMA. See our policy tracker for specific requirements.
Q: What are the latest regulatory developments?
A: See the timeline below for the most recent policy events affecting Hong Kong.
TON Foundation and Banxa (OSL subsidiary) announce partnership to enable stablecoin payments for APAC SMEs using TON blockchain infrastructure. OSL raised $200M in January 2026 for digital asset expansion. Banxa operates under 40+ licenses globally including APAC markets. TON Pay SDK offers sub-second settlement and fees below $0.01.
Hong Kong Securities and Futures Commission (SFC) has approved Victory Fintech for a crypto trading license, signaling renewed momentum in HKs push to become a digital asset hub. This approval continues the citys regulatory progress following the perpetual futures framework announced last week.
Hong Kong SFC establishes comprehensive regulatory framework for cryptocurrency perpetual futures, targeting professional investors only. Framework requires strict disclosure mandates, internal risk management systems, and regular reporting. Exchanges must implement position limits, volatility-based margin requirements, and circuit breakers. Licensed brokers may offer BTC/ETH-collateralized margin products. HKMA confirms first stablecoin licenses in March 2026.
Solana Accelerate APAC held alongside Consensus Hong Kong. HSDT Executive Chairman predicts first billion new blockchain users from Asia-Pacific, citing region's population size, asset base, and openness to new technology.
SFC CEO Julia Leung announces high-level framework allowing licensed platforms to offer crypto perpetual futures to institutional investors. New margin lending rules for virtual assets also introduced.
Hong Kong Financial Secretary confirms first stablecoin licenses will be issued in March 2026, as part of the city's push to become a global digital asset hub.
Consensus Hong Kong 2026 conference will explore crypto policy and financial integration, featuring global regulators and industry leaders.
Stablecoin inflows on exchanges doubled to $100B during market sell-off, indicating institutional positioning.
USDT briefly depegged to $0.998—its lowest level in 5 years—during Feb 6 crash. First real-world stress test for FATF stablecoin risk framework. USDC holders grew 60% YoY as flight-to-quality.
Hong Kong's FSTB confirms comprehensive legislation for virtual asset custodians and dealers by end of 2026.