Driven by a passion for innovation and new technology, our law firm has acquired in-depth knowledge, practical know-how, and hands-on experience in the area of financial technology, particularly blockchain and cryptocurrency.
We regularly advise clients on Initial Coin Offerings (ICO), Security Token Offerings (STO) and Initial Exchange Offerings (IEO). Whilst presenting a seemingly more efficient method of fundraising than the traditional Initial Public Offerings (IPO), these new fundraising mechanisms also come with an unprecedented level of risk that deserves expert attention. Our experienced fintech lawyers are well versed with these related risks, and we offer comprehensive fintech legal services and support to guide our clients through these landmines.
As a professional law firm with experience in fintech, we also work closely with other service providers, including cryptocurrency exchanges and cryptocurrency fund managers. Our fintech lawyers not only provide support on a wide range of matters, such as company structure, legal compliance, and general taxation advice, but we also offer advisory and consultancy services on various licensing matters, including but not limited to:
- SFC Regulatory Sandbox
- SFC Type 1 to Type 10 licenses
- Money Service Operators License
- Money Lender License
- Stored Value Facilities License
- HKMA Virtual Bank License
Our services include, amongst other things:
- Revising and reviewing whitepapers
- Drafting of legal opinion on the characterization of the tokens
- Devising optimal corporate and offering structures
- Drafting of offering memorandum and related documents
- Providing technical support on the issuance of the tokens
- Providing KYC and AML solutions
- Advising on token resale and secondary market trading
- Providing ongoing legal compliance and regulatory support
- Providing updates on the latest regulatory development
Get in touch
If you want to learn more about our fintech legal services and support, get in touch with us today.
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Frequently Asked Questions
What is the regulatory framework for fintech businesses in Hong Kong?
There is currently no regulatory framework tailored for financial technology firms, but they do have to adhere to Hong Kong’s established financial laws and regulations. For more information about fintech and relevant legal matters, feel free to contact our expert lawyers, who can provide you with customised legal services and support.
Does Hong Kong have any regulations regarding cryptocurrencies?
With financial technology firms being a relatively new phenomenon in Hong Kong, there are currently no specific regulations for cryptocurrencies w2in Hong Kong. However, the Financial Services and the Treasury Bureau have recommended introducing a licensing regime for cryptocurrency providers.
What does the future look like for financial technology firms in Hong Kong?
Fintech has a big and bright future in Hong Kong as the Hong Kong Monetary Authority (HKMA) unveiled the Fintech 2025 strategy in June 2021. Its basic premise is to ensure that fintech is more widely accepted and promoted by 2025. With fintech expected to grow in Hong Kong, legal services and support provided by fintech law firms like TITUS will become a much-needed and more commonly used commodity.