Hong Kong’s ASPIRe Phase 2: High-Leverage and Global Liquidity Redefine the Crypto Hub
HONG KONG – In a series of landmark circulars issued in February 2026, the Securities and Futures Commission (SFC) officially transitioned its virtual asset (VA) regime from “restrictive” to “institutional-competitive.” Under the second phase of the ASPIRe Roadmap, the regulator has unlocked leveraged products, permitted affiliated market makers, and integrated local platforms into global liquidity […]
English 
Chinese 
French 
Spanish 
Italian