VATP
Hong Kong: Asia's Riskiest Regulatory Bet on Becoming a Crypto Hub
Hong Kong's digital asset policy — VATP licensing, ASPIRe Roadmap, Stablecoin Ordinance, and the geopolitical complexity of building a crypto hub under Chinese sovereignty.
Hong Kong's VATP Licensing: Asia's Most Ambitious Crypto Hub Strategy
Hong Kong's mandatory licensing regime for Virtual Asset Trading Platforms — introduced in June 2023 — is the centrepiece of its strategy to become Asia's premier institutional digital asset hub, competing directly with Singapore and Dubai.
SFC (Securities and Futures Commission — Hong Kong)
SFC's mandatory VATP licensing regime, the JPEX enforcement incident, the ASPIRe Roadmap's five pillars, and SFC's coordination with HKMA and HKEX.