SFC-HKMA Joint Circular on intermediaries’ virtual asset-related activities

Amid growing interest in virtual asset-related products from intermediaries, the Securities and Futures Commission and the Hong Kong Monetary Authority have released a new joint circular. This updates the previous circular on activities by intermediaries, released in October 2022, reflecting the ongoing evolution of the virtual assets landscape in Hong Kong and globally.

KPMG’s flyer shares the key updates of the joint circular including the distribution of VA-related products, provision of VA-related dealing and advisory services, as well as information about deadlines and notification requirements.