Global FinTech & Payments Blog

Tag Archives: Hong Kong

First Virtual Bank Licenses Granted in Hong Kong

The HKMA has issued three virtual banking licenses as part of its broader initiatives to develop the local banking industry. By Simon Hawkins and Kenneth Hui The Hong Kong Monetary Authority (HKMA) recently announced the issuance of the first virtual banking licenses to three entities. Virtual banks in Hong Kong are banks that primarily deliver … Continue Reading

Hong Kong’s SFC Issues Policy Statement on Security Token Offerings

The SFC’s guidance provides helpful clarity amidst growing interest in security token offerings. By Simon Hawkins and Kenneth Hui On 28 March 2019, the Hong Kong Securities and Futures Commission (SFC) issued a policy statement on security token offerings (STOs) summarizing the legal and regulatory requirements applicable to parties engaging in STOs. This guidance follows … Continue Reading
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