CMB International Securities (CMBI) secured a virtual asset trading license from the Hong Kong Securities and Futures Commission (SFC) on July 14, 2025. This event marks a significant step for the regulation of cryptocurrency services in the region.
CMBI License from SFC
CMBI has received a license to offer regulated cryptocurrency services in Hong Kong, highlighting the company's prominence amid the evolving crypto market. This event underscores Hong Kong's ambition to become a digital finance hub, despite restrictions on participants from mainland China.
Expansion of CMBI Services
With the license acquisition, CMBI plans to expand its offerings to include custody and advisory services for approved virtual assets. This demonstrates the company's commitment to innovation.
Reinforcement of Hong Kong's Financial Hub Status
Now that CMBI facilitates access to virtual assets for qualified investors, Hong Kong consolidates its position as a regulated financial hub. It is expected that this will lead to increased trading volumes and greater institutional adoption, despite tightening regulatory norms in mainland China. "By securing this license, CMBI gains regulated access to Hong Kong's dynamic crypto market, yet it must operate within strict boundaries that prevent direct mainland participation," stated Joshua Chu, Lawyer & Co-Chair, Hong Kong Web3 Association.
Thus, CMBI's licensing is a critical milestone for Hong Kong in strengthening its status as a digital finance center and providing investors with access to more regulated cryptocurrency services.
