[{"data":1,"prerenderedAt":87},["ShallowReactive",2],{"i-mdi:hamburger-menu":3,"/blog/hong-kong-sfc-virtual-asset-market-framework-2026":8,"i-hugeicons:new-twitter":79,"i-hugeicons:telegram":81,"i-hugeicons:facebook-02":83,"i-hugeicons:reddit":85},{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":7},0,24,false,"\u003Cpath fill=\"currentColor\" d=\"M3 6h18v2H3zm0 5h18v2H3zm0 5h18v2H3z\"/>",{"id":9,"title":10,"author":11,"authorPic":12,"backfilledAt":13,"body":14,"category":67,"coverPics":68,"date":69,"description":70,"extension":71,"meta":72,"navigation":73,"path":74,"seo":75,"stem":76,"type":77,"__hash__":78},"blogs/blog/hong-kong-sfc-virtual-asset-market-framework-2026.md","Hong Kong expands its digital asset market framework","Malaysia Blockchain Association Team","https://api.dicebear.com/7.x/avataaars/svg?seed=mba-team-3","2026-11-04",{"type":15,"value":16,"toc":63},"minimark",[17,24,35,38,41,49],[18,19,20],"p",{},[21,22,23],"strong",{},"Announcement and guidance issued: 11 February 2026, during Consensus Hong Kong.",[18,25,26,27,34],{},"Hong Kong's Securities and Futures Commission ",[28,29,33],"a",{"href":30,"rel":31},"https://apps.sfc.hk/edistributionWeb/api/news/list-content?lang=EN&refNo=26PR24",[32],"nofollow","announced measures to broaden regulated virtual asset services"," under its ASPIRe roadmap.",[18,36,37],{},"The measures address three areas: financing for eligible securities margin customers of licensed virtual asset brokers; a framework for licensed platforms developing perpetual-contract proposals for professional investors; and affiliated market makers on licensed platforms, subject to safeguards against conflicts of interest.",[18,39,40],{},"The perpetuals framework establishes expectations for proposals, product design, disclosures and operational controls. It should not be read as unrestricted retail access or approval of every platform's proposed product.",[18,42,43,44,48],{},"These developments provide regional context for Malaysia's own ",[28,45,47],{"href":46},"/blog/sc-digital-asset-broking-practice-note-2026","digital asset broking rules",". The jurisdictions have different conditions: Malaysia's January practice note requires cash upfront purchases and prohibits broker margin facilities for digital asset trading.",[18,50,51,52,56,57,62],{},"Sources: ",[28,53,55],{"href":30,"rel":54},[32],"SFC announcement, 11 February 2026"," and ",[28,58,61],{"href":59,"rel":60},"https://www.sc.com.my/regulation/practice-notes/practice-note-12026-offering-of-broking-services-for-digital-assets",[32],"Malaysia's January practice note",".",{"title":64,"searchDepth":65,"depth":65,"links":66},"",2,[],"News","/img/blog/gen/hong-kong-sfc-virtual-asset-market-framework-2026.svg","2026-02-11","Hong Kong's SFC announces financing guidance, a professional-investor perpetuals framework and safeguards for affiliated market makers.","md",{},true,"/blog/hong-kong-sfc-virtual-asset-market-framework-2026",{"title":10,"description":70},"blog/hong-kong-sfc-virtual-asset-market-framework-2026","blog","Gb5td2MEZnW_w3NuNmCiF-iuSw_moeBMWSr-dpsBTWU",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":80},"\u003Cpath fill=\"none\" stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"1.5\" d=\"m3 21l7.548-7.548M21 3l-7.548 7.548m0 0L8 3H3l7.548 10.452m2.904-2.904L21 21h-5l-5.452-7.548\"/>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":82},"\u003Cpath fill=\"none\" stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"1.5\" d=\"m11.985 15.408l3.242 3.686c1.2 1.365 1.801 2.048 2.43 1.881c.628-.166.844-1.064 1.275-2.861l2.39-9.968c.665-2.768.997-4.151.259-4.834s-2.017-.175-4.575.84L5.14 8.865c-2.046.813-3.069 1.219-3.134 1.917a1 1 0 0 0 0 .214c.063.699 1.084 1.108 3.128 1.927c.925.371 1.388.557 1.72.912q.056.06.108.124c.306.38.436.88.697 1.876l.489 1.867c.253.97.38 1.456.713 1.522s.622-.336 1.201-1.141zm0 0l-.317-.33c-.362-.378-.543-.566-.543-.8s.18-.423.543-.8l3.573-3.724\"/>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":84},"\u003Cpath fill=\"none\" stroke=\"currentColor\" stroke-linejoin=\"round\" stroke-width=\"1.5\" d=\"M6.182 10.333c-.978 0-1.182.192-1.182 1.111v1.667c0 .92.204 1.111 1.182 1.111h2.363v6.667c0 .92.205 1.111 1.182 1.111h2.364c.978 0 1.182-.192 1.182-1.111v-6.667h2.654c.741 0 .932-.135 1.136-.806l.507-1.666c.349-1.149.133-1.417-1.137-1.417h-3.16V7.556c0-.614.529-1.112 1.181-1.112h3.364c.978 0 1.182-.191 1.182-1.11V3.11C19 2.191 18.796 2 17.818 2h-3.364c-3.263 0-5.909 2.487-5.909 5.556v2.777z\" clip-rule=\"evenodd\"/>",{"left":4,"top":4,"width":5,"height":5,"rotate":4,"vFlip":6,"hFlip":6,"body":86},"\u003Cg fill=\"none\" stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"1.5\">\u003Cpath d=\"M15 17a5 5 0 0 1-6 0m9.5-12.5a1.5 1.5 0 1 1-3 0a1.5 1.5 0 0 1 3 0m-3 0C14.333 4.667 12 5.8 12 9\"/>\u003Cpath d=\"M12 21c4.418 0 8-2.686 8-6c0-.352-.043-.696-.12-1.031a2.498 2.498 0 1 0-2.652-3.508C15.824 9.55 13.997 9 12 9c-2 0-3.826.552-5.229 1.46A2.498 2.498 0 0 0 2 11.5a2.5 2.5 0 0 0 2.12 2.469Q4 14.472 4 15c0 3.314 3.582 6 8 6\"/>\u003Cpath d=\"M15.25 13H15m.5 0a.5.5 0 1 1-1 0a.5.5 0 0 1 1 0m-5.75 0H9.5m.5 0a.5.5 0 1 1-1 0a.5.5 0 0 1 1 0\"/>\u003C/g>",1793763397651]