Hong Kong Targets 2026 Licensing Law for Crypto Dealers and Custodians as Insurers Face New Capital Charges
Hong Kong regulators confirmed new legislative proposals to require mandatory licensing for virtual asset dealers and custodians by 2026. A separate consultation opened on rules for crypto advisory and management services. The insurance regulator is also considering a capital framework allowing insurers to hold crypto under strict conditions. The moves expand oversight as the city seeks to attract institutional players to its digital asset market.