On August 28, an in-person event hosted by Beosin together with Sumsub titled “Type 1 License Virtual Asset Business Upgrade Guide” will be held in Hong Kong, focusing on the core compliance issues that traditional financial institutions in Hong Kong face when expanding into virtual asset business.
Shao Jiadun, a partner at Mankun Law Firm, has been invited to attend this event,where he will join guests from licensed financial institutions, virtual asset platforms, payment institutions, fintech companies and professional service firms to discuss new opportunities in Hong Kong’s digital asset and stablecoin markets.
From regulatory requirements to real-world business implementation
As Hong Kong’s virtual asset regulatory regime continues to improve and the stablecoin regulatory framework is formally implemented, the path for traditional financial institutions to enter the digital asset market is becoming clearer.
For securities firms and financial institutions planning to upgrade their Type 1 license and expand into virtual asset and stablecoin business, the current focus is not only the license itself, but also how compliance requirements such as KYC, KYT, the Travel Rule, anti-money laundering and on-chain risk monitoring can be genuinely embedded in business processes, and how new digital asset business can achieve commercial implementation within the regulatory framework.
This event will feature discussions on topics including virtual asset business compliance, stablecoins and payment innovation, licensing and regulatory requirements, and business opportunities for traditional finance entering Web3.
At the event, industry guests from institutions including OSL, HashKey, CoinW, VDX, FOMO Pay, HKT, Hundsun Ayers, LONGPORT Whale, ABCP, The Greater Bay Area Fintech League, Cyberport Hong Kong, Prosynergy Consulting Limited, Mankun Law Firm and MUNG Legal will participate in presentations and discussions.
Topics will cover:
- How financial institutions can establish a more comprehensive compliance framework for virtual asset business
- How AI and on-chain intelligence can enhance KYT and AML risk management capabilities
- Application opportunities for stablecoins in payments, settlement and institutional business
- Licensing and regulatory issues involved in implementing PayFi
- How traditional securities firms can expand virtual asset and stablecoin business within a compliance framework
Mankun continues to follow Hong Kong digital asset compliance practices
As a professional institution with long-standing focus on legal services for Web3, digital assets and fintech, Mankun Law Firm continues to participate in industry exchanges and practice in the fields of Hong Kong virtual assets, stablecoins, crypto payments and cross-border fintech.
Lawyer Shao Jiadan has long focused on Web3, digital assets and related legal compliance matters, and continues to follow the regulatory rules and practical implementation issues of virtual asset business across different jurisdictions.
Participation in this event will also further strengthen Mankun's industry exchanges with Hong Kong licensed financial institutions, virtual asset platforms, payment and RegTech institutions, jointly exploring the next stage of development opportunities in the digital asset industry from the perspectives of law and business practice.
If you are following Hong Kong Type 1 licence upgrades, virtual asset compliance, stablecoins, KYC/KYT, the Travel Rule, and business opportunities for traditional finance entering Web3, you are welcome to follow this event.
See you in Hong Kong on August 28.
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*This article is an original work of Mankun Law Firm and represents only the personal views of the author. It does not constitute legal consultation or legal advice on any specific matter. For reprinting and legal consultation, please contact our customer service:mankunlawyer。
