Policy Event Β· High impact

Hong Kong SFC Grants Crypto License to Victory Fintech

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.

High impactπŸ‡­πŸ‡° Hong KongLicensingExchangeBTCETH

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around licensing, exchange in Hong Kong. Protocols/assets in scope: BTC, ETH. 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 β†’

Related policy events

Kazakhstan Court Bars Six Unlicensed Crypto Platforms From AIFC Services

The AIFC Court granted AFSA injunctions barring Coinbase, BingX, Bitcoin.com, HTX, BitMart and WEEX from offering or advertising digital-asset services within the AIFC without authorisation. The action raises immediate geofencing, marketing, onboarding and wind-down control requirements for platforms serving the jurisdiction.

High impactπŸ‡°πŸ‡Ώ KazakhstanEnforcementLicensingRegulation