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Crypto / Digital Assets
SFC Permits VATPs to Offer Crypto Staking Services to Clients
By Manesh Samtani | 07/04/2025
VATPs can provide staking as a service to clients, including retail clients. SFC-authorised virtual asset funds can also stake virtual asset holdings.

Sanctions
OFAC Sanctions Two More Iran-Linked Circumvention Networks
By Manesh Samtani | 04/04/2025
A China-based motor manufacturer and a Hong Kong-based ship operator were included in the sanctions.

Hong Kong Launches Family Office Digital Knowledge Hub
By Sanday Chongo Kabange | 03/04/2025
The digital knowledge hub is a resource dedicated to family offices in Hong Kong and around the world.

Big Picture
Hong Kong FSDC Offers Ideas for Growing Insurance Industry
By Sanday Chongo Kabange | 03/04/2025
The FSDC offers recommendations to further develop Hong Kong’s insurance industry and cement the city’s position as a global insurance hub.

Hong Kong MPFA Consults on “Full Portability” Mechanism for Pensions
By Sanday Chongo Kabange | 03/04/2025
MPFA puts forward 2 proposals to implement “full portability”, which will allow employees freedom to transfer benefits accrued from employers’ contributions to a new provider of their choice.

Securities / Derivatives
SFC Adjusts Eligibility Criteria for OFC and REIT Grant Scheme
By Sanday Chongo Kabange | 03/04/2025
The scheme will still cover 70 percent of eligible expenses paid to Hong Kong-based service providers to set up OFCs and REITs, but the caps are lower.

Sanctions
US Sanctions China, Hong Kong Officials Over NSL Implementation
By Manesh Samtani | 02/04/2025
Six officials were sanctioned for engaging in “actions or policies that threaten to further erode the autonomy of Hong Kong”.

AFRC Sets Out Strategic Priorities for 2025-2027
By Sanday Chongo Kabange | 02/04/2025
AFRC’s three-year strategic plan considers rapid advancements in technology, especially relating to AI, and an increasing focus on sustainability.

AML / KYC
HKMA Seeking “System Reset” to Enhance Response to Financial Crime
By Manesh Samtani | 02/04/2025
HKMA to work with banks on AI adoption action plans, develop a payment data analytics solution, and support greater information sharing.

Fintech / Regtech
Hong Kong PCPD Issues Guidance on Employee Use of GenAI
By Sanday Chongo Kabange | 02/04/2025
The guidance is intended to help organisations in developing internal policies on the use of GenAI by employees to execute their responsibilities.
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