Hong Kong Targets 2026 Licensing Law for Crypto Dealers and Custodians as Insurers Face New Capital Charges
HONG KONG — Hong Kong is accelerating its bid to become a tightly regulated, institution-friendly digital asset hub, outlining a path toward 2026 legislation that would bring virtual asset dealers and crypto custodians under a mandatory licensing regime. At the same time, the city’s insurance regulator is moving in parallel, weighing a capital framework that would allow insurers to hold crypto—but at a steep cost—while creating incentives for infrastructure allocations that align with government development priorities. The Business Times Taken together, the moves signal a broader Hong Kong strategy: expand the regulatory perimeter beyond licensed trading platforms, harden investor protections and anti-money-laundering controls, and invite more “traditional finance” balance sheets into digital assets—without loosening prudential guardrails. Hong Kong Government Information
