Hong Kong Group Warns SFC ‘Hard Start’ Could Disrupt Crypto Firms

Hong Kong Crypto Firms Risk Shutdown Without Transition

The Hong Kong Securities & Futures Professionals Association (HKSFPA) has cautioned that the city’s upcoming crypto licensing rules could force compliant firms to halt their operations if the rollout happens without a proper transition period.

Hong Kong’s Crypto Ambitions Face Pushback Over Licensing Timelines

The industry body has warned that, without transitional arrangements, compliant crypto managers could be forced to temporarily shut down operations despite actively seeking licenses under the proposed rules. Key takeaways Industry representatives warn of a potential “hard start” for new crypto licensing rules. Existing firms could be forced to halt operations while license applications are reviewed. The group is calling for a 6 to 12-month tra…

Crypto firms in Hong Kong face risks as new licensing rules advance

A hard-start approach may force compliant firms to stop operations. The HKSFPA urges a 6–12 month grace period for applicants. The association also raised concerns over the CARF framework. Hong Kong’s plan to tighten oversight of digital asset firms has raised concerns that crypto managers could be forced to suspend operations. The warning comes from the Hong Kong Securities & Futures Professionals Association (HKSFPA), which has flagged risks a…

Hong Kong Industry Group warns crypto licensing rollout risks shuttering compliant firms - CoinCodeCap

In a significant development, a leading Hong Kong finance industry association has expressed concern that the city's planned cryptocurrency licensing

Hong Kong Group Warns SFC's 'Hard Start' Could Disrupt Crypto Firms

Hong Kong’s regulatory push to bring digital assets into a tighter fold is moving forward, but industry voices warn that a rushed rollout could disrupt compliant firms. The Hong Kong Securities & Futures Professionals Association (HKSFPA) cautioned regulators against a “hard start” that would require existing operators to be fully licensed on day one, or else cease regulated activities while their applications are reviewed. As the Securities and…

Hong Kong Group Warns SFC ‘Hard Start’ Could Disrupt Crypto Firms

An industry submission warns that the lack of a deeming period could force existing crypto managers to pause activities while awaiting approval.