The Hong Kong Securities and Futures Fee (SFC) has added one other firm to its listing of formally licensed crypto buying and selling platforms, in line with an announcement on Friday.
The SFC’s listing of licensed digital asset buying and selling platforms contains Victory Fintech Firm Restricted, the newest of 12 digital foreign money and blockchain entities listed on the Hong Kong regulator’s web site. The addition of Victory marks the primary time the SFC has permitted a crypto buying and selling platform in Hong Kong since June 2025.
Hong Kong has lengthy been generally known as a very robust jurisdiction for cryptocurrency firms to function, however authorities have been pursuing unlicensed digital asset buying and selling platforms as a prison offense since June 2024. A lot of exchanges that beforehand operated in Hong Kong have closed, and exchanges similar to OKX and Bybit have additionally withdrawn their license functions.
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Hong Kong Monetary Providers and Treasury Secretary Christopher Hui stated in January that regulators, together with the SFC, will submit draft rules for suppliers of crypto advisory companies in 2026. Greater than a dozen firms are at the moment licensed underneath the SFC, however the Hong Kong Financial Authority has not listed any licensed stablecoin issuers as of Monday.
Hong Kong permits licensed firms to have interaction in crypto margin lending and perpetual buying and selling
The addition of Victory Fintech comes simply days after Hong Kong’s SFC introduced it will enable licensed brokers to supply crypto margin loans. Securities regulator steerage solely permits Bitcoin ($BTC) and Ether (ETH) will initially qualify as collateral.
The SFC additionally outlined a framework for a buying and selling platform that gives perpetual contracts to skilled buyers.
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