Julia Leung Gets 3-Year Extension as Hong Kong SFC Chief

Julia Leung is set to continue her leadership of Hong Kong’s Securities and Futures Commission with a three-year extension, signaling regulatory stability for the city’s financial markets. The government’s decision to renew her term as chief executive officer when her current mandate expires at year-end reflects confidence in her stewardship during a period of significant market evolution and global economic uncertainty.

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Hong Kong Warns Investors on Stablecoin Hype Risks

Hong Kong’s financial regulators, the HKMA and SFC, have cautioned investors against making hasty investments in stablecoin-related assets due to recent sharp price fluctuations tied to speculation and unverified licensing claims. The HKMA emphasized its strict approval process for stablecoin licenses, noting that only a few applicants will meet the rigorous capital, governance, and risk management requirements. Meanwhile, the SFC urged investors to avoid decisions based on hype and warned of potential market manipulation, pledging strict enforcement against misleading conduct. The regulators also reminded companies to maintain transparency to uphold market integrity as Hong Kong rolls out its stablecoin framework.

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Hong Kong Approves Staking Services for Crypto Exchanges

Hong Kong’s Securities and Futures Commission (SFC) has authorized licensed crypto exchanges to offer staking services, marking a significant step in the region’s crypto regulatory framework. The SFC emphasized the need for risk management, including safeguarding client assets and ensuring transparent disclosures. This follows Hong Kong’s earlier approval of Bitcoin and Ethereum ETFs, reinforcing its commitment to a regulated yet progressive virtual asset ecosystem. The move is expected to bolster blockchain security and investor participation while maintaining strict compliance standards.

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Hong Kong SFC Issues First Crypto Licenses of 2025 to Two Exchanges

The Hong Kong Securities and Futures Commission (SFC) has issued its first operational licenses of 2025 to two crypto exchanges, PantherTrade and YAX, bringing the total to seven since mid-2024. The regulator aims to ensure investor protection while fostering the virtual asset ecosystem, having registered ten exchanges under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance since 2020. Currently, only four cryptocurrencies—Bitcoin, Ether, Avalanche, and Chainlink—are legally traded in Hong Kong.

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