Hong Kong SFC CEO Discusses Crypto Regulation Progress at Consensus Hong Kong 2025

According to Odaily, Julia Leung, CEO of the Hong Kong Securities and Futures Commission (SFC), highlighted the rapid progress of the U.S. Securities and Exchange Commission (SEC) in the field of cryptocurrency regulation during the Consensus Hong Kong 2025 event. She noted that Hong Kong is actively considering its position in the evolving crypto landscape, acknowledging that regulatory frameworks from other regions may not be suitable for Hong Kong. Since 2023, Hong Kong has implemented a licensing system to oversee the development of trading platforms within the region. This system also extends to financial service roles such as banks and brokers. The regulation encompasses crypto asset custody, over-the-counter (OTC) trading, and the issuance of crypto financial products. This afternoon, the SFC is set to release a regulatory roadmap focused on investor protection. The roadmap aims to cover various participants within the ecosystem and maintain consistency, thereby clarifying compliance requirements for businesses.