Hong Kong regulators are moving to legislate new licensing regimes for virtual asset (VA) dealers and custodians, cementing the city’s strategy to build a comprehensive digital asset framework. The Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) confirmed the plan after a public consultation period. The proposed rules will bring over-the-counter (OTC) desks, brokers, and asset custodians under the same regulatory umbrella as licensed trading platforms. De ...