2026-01-19 10:43:32

Hong Kong's financial regulatory ecosystem has new developments. The Hong Kong Securities and Futures Professionals Association recently submitted a consultation paper to regulators regarding the local implementation of the Crypto Asset Reporting Framework (CARF) and CRS-related amendments. The association's stance is very clear — supporting the mandatory registration system for RCASP and RFI mechanisms.

The logic behind this move is to align with the OECD's international cooperation framework. In other words, Hong Kong is strengthening its local crypto asset information reporting and disclosure mechanisms to ensure consistency with global anti-money laundering and counter-terrorism financing standards. For crypto platforms and practitioners operating in Hong Kong, this means the regulatory framework will become more standardized and internationalized — presenting both challenges and a long-term compliance direction.

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MetaMasked

· 2h ago

Hong Kong's recent regulation crackdown is really serious. The mandatory registration system is coming, and small platforms should be worried.

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ChainWatcher

· 2h ago

Hong Kong is tightening up again, with the mandatory registration system coming into effect, raising the compliance threshold... But speaking of which, rather than being repeatedly tossed around by global anti-money laundering standards, it's better to clarify the bottom line of the framework early on and at least have a clear understanding. For small platforms, this is indeed a pressure, but major players should have already laid out their plans accordingly.

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degenwhisperer

· 2h ago

Hong Kong's recent regulations are becoming increasingly strict, and compliance costs are rising again. Mandatory registration has directly locked things down, but to be fair, the OECD standards are indeed something that needs to be followed; anyway, this is the inevitable trend sooner or later. It feels a bit exhausting, but there's nothing we can do—if you want to play in the Hong Kong scene, you have to accept it. The CARF framework looks complicated, and it will probably lead to another round of document battles haha. Operating in Hong Kong now feels more like holding a license to work, and it seems many small platforms will have to eat dirt.

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MissedTheBoat

· 2h ago

I've seen through this tactic in Hong Kong. CARF, RCASP, RFI... a bunch of abbreviations just to pave the way for compliance. In the end, you still have to obediently submit data, there's no way to avoid it.

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LiquidityHunter

· 2h ago

Hong Kong is once again stacking compliance bricks... RCASP and RFI mandatory registration, in simple terms, means liquidity will be locked. Let's see if this causes the spread of trading pairs to widen.

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RugpullAlertOfficer

· 2h ago

Hong Kong is tightening up again, with RCASP and RFI mandatory registration... It sounds compliant, but it's actually just making all transactions transparent.

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