October 20 (ChainDD) The Hong Kong Securities and Futures Commission (SFC) and Hong Kong Monetary Authority (HKMA) reviewed the existing policy for intermediaries interested in engaging in virtual assets related activities, and updated it in the light of the latest market development and enquiries from the industry.

With appropriate safeguards, the regulator will further expand the extent to which retail investors can enter the virtual asset sector through intermediaries and allow investors to deposit virtual assets directly with intermediaries.

For the avoidance of doubt, this updated circular will replace the joint circular issued by the SFC and the HKMA on 28 January 2022 relating to the virtual asset related activities of intermediaries.