Policy Event ยท High impact

Hong Kong FSTB And SFC Conclude Virtual Asset Advisory Licensing Consultation

Hong Kong's FSTB and SFC concluded consultations on virtual asset advisory and management service provider licensing, extending the city's virtual asset regulatory perimeter beyond trading platforms and custody. The next step is finalising legislative proposals under the AMLO framework.

High impact๐Ÿ‡ญ๐Ÿ‡ฐ Hong KongLicensingRegulationFSTBSFC

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around licensing, regulation in Hong Kong. Named institutions or platforms: FSTB, SFC. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

View related Licensing tracker page โ†’

Related policy events

Korea Tax Data Shows Crypto Inheritance And Gift Transfers Surging

Korea National Tax Service data cited in the policy channel shows 2025 virtual asset inheritance and gift transfers rising to 423 cases worth KRW 45.862 billion. The figures reinforce Korea's planned 2027 tightening of virtual asset tax supervision and recordkeeping expectations for exchanges and custodians.

Medium impact๐Ÿ‡ฐ๐Ÿ‡ท South KoreaTaxationRegulationBTCETHUSDT

RBI Frames Emerging Finance Technology Around Purpose Prudence And Policy

Reserve Bank of India Deputy Governor Rohit Jain delivered a Global FinTech Fest speech on emerging technologies in finance, emphasizing purpose, prudence and policy. The signal keeps Indian fintech oversight focused on digital safety, authentication, authorization, payments and consumer protection boundaries.

Medium impact๐Ÿ‡ฎ๐Ÿ‡ณ IndiaRegulationBankingCBDC

US Bank Completes First Live Cross-Border Payment With USBDC Stablecoin

US Bank completed a first live cross-border payment using its own USBDC stablecoin, moving a bank-issued stablecoin rail from proof-of-concept toward live settlement. The event raises policy questions around issuer status, reserves, redemption rights, Travel Rule controls and cross-border reporting.

High impact๐Ÿ‡บ๐Ÿ‡ธ United StatesStablecoinBankingRegulationUSBDC