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Hong Kong SFC Unveils Detailed Perpetual Futures Regulatory Framework

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.

High impact🇭🇰 Hong KongRegulationDeFiLicensingBTCETH

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around regulation, defi, licensing 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.

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A CPC Central Committee decision published by Xinhua calls for resolute action against corruption involving the internet, virtual currencies, cross-border funds, and blockchain, alongside stronger cross-border casework and asset recovery. The policy signal increases expectations for transaction tracing, beneficial-owner checks, and cooperation with enforcement requests at digital-asset intermediaries.

High impact🇨🇳 ChinaRegulationAMLEnforcement
APAC FINSTAB analysis → Original source ↗

FCA Consults On DeFi Guidance For Regulated Firms

The UK Financial Conduct Authority opened GC26/7 consultation on non-Handbook guidance for regulated firms using DeFi, covering operational resilience, financial-crime controls and Money Laundering Regulations obligations. The guidance would clarify how existing controls apply to DeFi dependencies such as smart contracts, bridges and oracle services.

High impact🇬🇧 United KingdomRegulationAMLDeFi
APAC FINSTAB analysis → Original source ↗