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Hong Kong

HK / HKGLegal — Regulated

Mandatory VASP licensing from June 2023. SFC regulates crypto trading platforms. Retail investor access to spot crypto ETFs approved 2024. Active policy to attract institutional crypto.

Key Regulations

Securities and Futures OrdinanceVASP Licensing Regime (June 2023)Anti-Money Laundering Ordinance

Regulatory Context

Crypto assets are legal in Hong Kong under applicable regulatory frameworks. Exchanges and service providers typically require registration or licensing with SFC / HKMA. AML/KYC obligations apply to virtual asset service providers (VASPs) under FATF guidance.

Regulatory Profile

Primary Regulator

SFC / HKMA

Official site

Currency

HKD

MiCA Applies

FATF Member

Yes

OFAC Sanctions

None

G20 / OECD

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SL-1 API Call

{
  "action": "place_order",
  "actor": {
    "declared_jurisdiction": "HK"
  }
}

Expected verdict

COMPLIANT

Test SL-1 on your protocol →

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