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Hong Kong’s financial watchdog has taken a major step toward strengthening its position as a global crypto hub. The Securities and Futures Commission (SFC) announced that licensed local crypto exchanges will now be allowed to connect with global trading platforms through shared order books, enabling access to worldwide liquidity and more competitive pricing.
According to the SFC, local platforms must secure prior written approval before integrating with overseas exchanges. The regulator also issued a separate circular exempting certain tokens and stablecoins, licensed by the Hong Kong Monetary Authority, from the current 12-month trading history rule required for professional investors.
SFC CEO Julia Leung emphasized the importance of balancing innovation with regulation, noting that overly strict rules could drive liquidity and talent elsewhere. The move reflects Hong Kong’s ongoing efforts to attract crypto businesses and stay competitive globally, particularly amid renewed global interest in digital assets.
