{"id":55848,"date":"2025-11-03T12:47:27","date_gmt":"2025-11-03T09:47:27","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=55848"},"modified":"2025-11-03T17:13:42","modified_gmt":"2025-11-03T14:13:42","slug":"hong-kong-expands-crypto-framework","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/hong-kong-expands-crypto-framework\/","title":{"rendered":"Hong Kong Expands Crypto Framework: Exchanges Granted Access to Global Liquidity"},"content":{"rendered":"<p>Hong Kong has taken another major step in the digital asset space by announcing a new regulation that will allow local crypto exchanges to access global liquidity. The move marks the latest effort in Hong Kong\u2019s push to establish itself as one of Asia\u2019s leading cryptocurrency hubs.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/hong-kong-expands-crypto-framework\/#Details_of_the_New_Regulation\" title=\"Details of the New Regulation\">Details of the New Regulation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/hong-kong-expands-crypto-framework\/#SFC_Chief_Executive_Leung_%E2%80%9CWe_Aim_to_Integrate_With_Global_Markets%E2%80%9D\" title=\"SFC Chief Executive Leung: \u201cWe Aim to Integrate With Global Markets\u201d\">SFC Chief Executive Leung: \u201cWe Aim to Integrate With Global Markets\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/hong-kong-expands-crypto-framework\/#A_New_Era_in_Hong_Kongs_Crypto_Strategy\" title=\"A New Era in Hong Kong\u2019s Crypto Strategy\">A New Era in Hong Kong\u2019s Crypto Strategy<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"387\" data-end=\"424\"><span class=\"ez-toc-section\" id=\"Details_of_the_New_Regulation\"><\/span>Details of the New Regulation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"425\" data-end=\"649\">The Securities and Futures Commission (SFC) of Hong Kong issued two new circulars on Monday, granting local crypto exchanges permission to operate via a shared order book system with overseas trading platforms.<\/p>\n<p data-start=\"651\" data-end=\"1010\">This decision represents a significant shift away from Hong Kong\u2019s previously strict trading framework, which only permitted pre-funded, domestically settled transactions within the region. Under the new system, SFC-licensed exchanges will be able to access global order books, increasing liquidity and price competitiveness in the market. However, the SFC emphasized that exchanges must obtain prior written approval before joining such integrations. Each application will be reviewed based on security, investor protection, and data-sharing standards.<\/p>\n<h2 data-start=\"1242\" data-end=\"1318\"><span class=\"ez-toc-section\" id=\"SFC_Chief_Executive_Leung_%E2%80%9CWe_Aim_to_Integrate_With_Global_Markets%E2%80%9D\"><\/span>SFC Chief Executive Leung: \u201cWe Aim to Integrate With Global Markets\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"1319\" data-end=\"1420\">During Hong Kong Fintech Week, SFC CEO Julia Leung explained the purpose of the new policy:<\/p>\n<p data-start=\"1424\" data-end=\"1643\">\u201cThis integration will enable local investors to benefit from better price discovery and more competitive trading opportunities. It will also allow Hong Kong exchanges to effectively tap into global market liquidity.\u201d<\/p>\n<p data-start=\"1645\" data-end=\"1739\">Leung also stressed the need to balance regulatory flexibility with financial stability:<\/p>\n<p data-start=\"1743\" data-end=\"1903\">\u201cOverly stringent requirements risk driving liquidity and talent to jurisdictions with softer regulations. But weak oversight undermines trust and stability.\u201d<\/p>\n<p data-start=\"1905\" data-end=\"2329\">The second circular issued by the SFC introduced a key exemption for token and stablecoin projects licensed by the Hong Kong Monetary Authority (HKMA). Under the new rule, tokens intended for professional investors will no longer be required to have a 12-month trading history prior to listing \u2014 a move expected to ease operations for new stablecoin issuers and blockchain-based financial institutions.<\/p>\n<h2 data-start=\"2336\" data-end=\"2384\"><span class=\"ez-toc-section\" id=\"A_New_Era_in_Hong_Kongs_Crypto_Strategy\"><\/span>A New Era in Hong Kong\u2019s Crypto Strategy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"2385\" data-end=\"2664\">Hong Kong is reshaping its crypto policies amid growing global regulatory competition. Since U.S. President Donald Trump\u2019s return to office, the rise of pro-crypto rhetoric in Washington has encouraged Asian financial centers to reposition themselves strategically. Hong Kong now aims to create a licensed, regulation-friendly environment for crypto exchanges, stablecoin issuers, and Web3 startups.<\/p>\n<p data-start=\"1561\" data-end=\"1763\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\">Telegram,\u00a0<\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\">YouTube<\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\">Twitter<\/a>\u00a0channels for the latest\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hong Kong has taken another major step in the digital asset space by announcing a new regulation that will allow local crypto exchanges to access global liquidity. The move marks the latest effort in Hong Kong\u2019s push to establish itself as one of Asia\u2019s leading cryptocurrency hubs. Details of the New Regulation The Securities and<\/p>\n","protected":false},"author":37,"featured_media":36741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[236,563,192,393,5384,840,336,58,1469],"class_list":["post-55848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-altcoin","tag-altcoins","tag-blockchain","tag-crypto","tag-crypto-investment","tag-crypto-market","tag-cryptocurrencies","tag-cryptocurrency","tag-hong-kong"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hong Kong Expands Crypto Framework<\/title>\n<meta name=\"description\" content=\"Hong Kong taken major step in the digital asset by announcing a new regulation that will allow crypto exchanges to access global liquidity.\" \/>\n<meta name=\"robots\" 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