Circular on licensed corporations providing virtual asset dealing services (1) to offer financing for virtual asset dealing and access to shared order book, and (2) to safeguard client virtual assets relating to withdrawals
Worth readingVAClient assets
What the SFC said
The SFC sets a framework letting VA brokers under omnibus arrangements offer VA financing to their securities-margin clients, supported by sufficient securities and limited VA collateral. It also sets standards for shared order books and client VA safeguards where withdrawals are permitted.
This page is our summary and commentary, not the circular itself — always read the original before acting.
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