Âé¶¹ÊÓÆµ

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Regulatory requirements

Âé¶¹ÊÓÆµ-licensed or registered intermediaries carrying on business involving virtual asset-related activities are subject to a wide range of regulatory requirements.

The relevant regulatory requirements can be found in the following Âé¶¹ÊÓÆµ publications:

Virtual asset fund managers

  • (24 December 2025)
  • (30 September 2025)
  • (22 December 2023)
  • (22 December 2023)
  • (2 November 2023)
  • (2 November 2023)
  • (20 October 2023) (superseded by the joint circular on intermediaries’ virtual asset-related activities on 22 December 2023)
  •  (31 October 2022) (superseded by the circular on Âé¶¹ÊÓÆµ-authorised funds with exposure to virtual assets on 22 December 2023)
  •  (28 January 2022) (superseded by the joint circular on intermediaries’ virtual asset-related activities on 20 October 2023)
  •  (4 October 2019)
  •  (1 November 2018)
  •  (1 June 2018)
  •  (29 September 2017)
  •  (29 September 2017)

Intermediaries dealing in or advising on virtual assets

  • (11 February 2026)
  • (24 December 2025)
  • (24 December 2025)
  • (30 September 2025)
  • (27 June 2025)
  • (22 December 2023)
  •  (22 December 2023)
  • (2 November 2023)
  •  (2 November 2023)
  •  (20 October 2023) (superseded by the joint circular on intermediaries’ virtual asset-related activities on 22 December 2023)
  •  (28 January 2022) (superseded by the joint circular on intermediaries’ virtual asset-related activities on 20 October 2023)
  • Statement on Security Token Offerings (28 March 2019) (superseded by the circular on intermediaries engaging in tokenised securities-related activities on 2 November 2023)
  •  (1 June 2018)
  •  (29 September 2017)
  •  (29 September 2017)

Intermediaries distributing virtual asset-related products

  • (30 September 2025)
  • (22 December 2023)
  •  (22 December 2023)
  • (2 November 2023)
  •  (2 November 2023)
  •  (20 October 2023) (superseded by the joint circular on intermediaries’ virtual asset-related activities on 22 December 2023)
  •  (31 October 2022) (superseded by the circular on Âé¶¹ÊÓÆµ-authorised funds with exposure to virtual assets on 22 December 2023)
  •  (6 June 2022)
  •  (28 January 2022) (superseded by the joint circular on intermediaries’ virtual asset-related activities on 20 October 2023)
  •  (16 July 2021)
  • Âé¶¹ÊÓÆµ issues warnings on virtual asset futures contracts (6 November 2019)
  • Statement on Security Token Offerings (28 March 2019) (superseded by the circular on intermediaries engaging in tokenised securities-related activities on 2 November 2023)
  •  (1 June 2018)
  •  (19 March 2018)
  •  (9 February 2018)
  •  (11 December 2017)
  •  (29 September 2017)
  •  (29 September 2017)
  •  (5 September 2017)

Last update: 4 Mar 2026

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