From research to a working plan.
Regulation and authorities
The SFC supervises centralised virtual asset trading platforms operating in Hong Kong or actively marketing to Hong Kong investors. The Securities and Futures Ordinance and anti-money-laundering regime distinguish security-token and non-security-token activities. The SFC describes a consolidated application process for platforms seeking both relevant permissions.
Exchanges and provider checks
The SFC publishes separate lists showing platform status. Use the formally licensed list and follow the CE reference to the operator’s register entry. Match the operator to the platform domain and account agreement. Examples on the list include OSL Exchange and HashKey Exchange. Check product access and client restrictions for the specific account.
Taxes and records
IRD explains that profits tax applies to Hong Kong-sourced business profits, with capital-asset disposals treated separately under the rules. The character and source of a transaction depend on its facts. A crypto business should document where revenue-generating activities occur and how assets are used, alongside complete purchase, disposal and expense records.
Starting a business
For a centralised platform, start with the SFC licensing handbook and application requirements. The application includes written policies and procedures and material concerning an external assessor. Organise ownership, responsible personnel, custody controls and the trading model before submission. Use the official application guidance to determine which permissions the planned service needs.
Banking and payments
HKMA states that banks perform customer due diligence and ongoing monitoring, and requirements vary among banks. Prepare ownership evidence, a business explanation and expected transaction flows. Distinguish an operating account used for rent and payroll from an account that holds customer money. Compare account-opening requirements and use the bank’s review procedure if additional evidence is needed.
Related coverage
Country-specific reporting will appear here as it is published. Explore the jurisdiction’s official updates in the sources above.
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