Hong Kong’s Securities and Futures Fee (SFC) has proposed increasing cryptocurrency regulatory employees in response to Hong Kong’s rising crypto ambitions.
Hong Kong’s Crypto Regulatory Crew Growth Plan
Hong Kong’s SFC introduced the 2025-2026 finances on Monday the place it proposed 15 new vacancies, with eight targeted on enhancing the staffing help for digital asset regulatory regimes, market surveillance, and enforcement investigations.
As per SFC, the recurring bills for the upcoming fiscal yr from April 1, 2025, is projected to succeed in HK$2.59 billion ($332.4 million). The bills quantity to a 7.2% rise in comparison with the estimated expenditure for 2024-25.


SFC had just lately highlighted in one other doc that it has assigned personnel with experience in licensing and supervision to deal with crypto-related regulatory duties. Regardless of these efforts, the fee managed to conduct on-site inspections for less than about 200 licensed corporations in 2023, falling wanting its 300-target.
The finances was extremely anticipated as Hong Kong legislator Wu Jiezhuang had beforehand suggested integrating Bitcoin(BTC) into town’s fiscal reserves, proposing the usage of the Alternate Fund to buy and maintain Bitcoin long-term. Wu’s proposal got here in opposition to the backdrop of Hong Kong’s rising cryptocurrency trade, which is attracting international funds and expertise whereas rising transaction stamp tax income.
In parallel, Hong Kong’s proposed stablecoin invoice can also be progressing by the Legislative Council. The invoice goals to mandate stablecoin issuers to acquire a license from the Hong Kong Financial Authority (HKMA). Furthermore, the securities watchdog has additionally accelerated HK’s digital asset buying and selling platform’s (VATP) licensing course of because it consciously goals to turn out to be a worldwide crypto hub.
Additionally Learn: Thailand SEC to Launch Blockchain-Based mostly Debt Buying and selling System
Hong Kong’s Securities and Futures Fee (SFC) has proposed increasing cryptocurrency regulatory employees in response to Hong Kong’s rising crypto ambitions.
Hong Kong’s Crypto Regulatory Crew Growth Plan
Hong Kong’s SFC introduced the 2025-2026 finances on Monday the place it proposed 15 new vacancies, with eight targeted on enhancing the staffing help for digital asset regulatory regimes, market surveillance, and enforcement investigations.
As per SFC, the recurring bills for the upcoming fiscal yr from April 1, 2025, is projected to succeed in HK$2.59 billion ($332.4 million). The bills quantity to a 7.2% rise in comparison with the estimated expenditure for 2024-25.


SFC had just lately highlighted in one other doc that it has assigned personnel with experience in licensing and supervision to deal with crypto-related regulatory duties. Regardless of these efforts, the fee managed to conduct on-site inspections for less than about 200 licensed corporations in 2023, falling wanting its 300-target.
The finances was extremely anticipated as Hong Kong legislator Wu Jiezhuang had beforehand suggested integrating Bitcoin(BTC) into town’s fiscal reserves, proposing the usage of the Alternate Fund to buy and maintain Bitcoin long-term. Wu’s proposal got here in opposition to the backdrop of Hong Kong’s rising cryptocurrency trade, which is attracting international funds and expertise whereas rising transaction stamp tax income.
In parallel, Hong Kong’s proposed stablecoin invoice can also be progressing by the Legislative Council. The invoice goals to mandate stablecoin issuers to acquire a license from the Hong Kong Financial Authority (HKMA). Furthermore, the securities watchdog has additionally accelerated HK’s digital asset buying and selling platform’s (VATP) licensing course of because it consciously goals to turn out to be a worldwide crypto hub.
Additionally Learn: Thailand SEC to Launch Blockchain-Based mostly Debt Buying and selling System