Licence type
No EMI. Stored Value Facility (SVF) licence under the Payment Systems and Stored Value Facilities Ordinance (Cap. 584).
Verified 2026-07-02
Source: HKMA
Regulator
Hong Kong Monetary Authority (HKMA). Not the SFC, which handles the crypto VATP regime.
Verified 2026-07-02
Source: HKMA
Capital requirement 🔒
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Timeline to authorisation 🔒
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Local substance 🔒
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Application cost 🔒
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Ongoing cost 🔒
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Passporting 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
EMIs authorised 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Key restrictions 🔒
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Safeguarding 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Recent changes
Ongoing HKMA supervision, with a separate HK stablecoin and crypto regime developing.
Verified 2026-07-02
Source: HKMA
Difficulty rating 🔒
Full details for this dimension, including verification date and source reference, are available with a Founder Pass or Pro subscription.
Track Hong Kong
Get an email when this regime changes, fee schedules, capital rules, transition deadlines.
Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Hong Kong's regulator and qualified local counsel before acting.