Hong Kong’s Dual Licensing Regime for Virtual Asset Trading Platforms and Virtual Asset Service Providers

Overview After considerable consultation, the Hong Kong Securities and Futures Commission (SFC) announced the new licensing regime for Virtual Asset Trading Platforms (VATPs) and Virtual Asset Service Providers (VASPs), which took effect on 1 June 2023. The new regulatory framework is expected to increase opportunities for licensed crypto exchanges and includes guidelines for retail investors.… Continue reading Hong Kong’s Dual Licensing Regime for Virtual Asset Trading Platforms and Virtual Asset Service Providers

Personal Data Privacy of Online Shopping Platforms in Hong Kong – Lessons from the Case of Softmedia Technology Company Limited

Since the advent of online shopping, customers have been handing out increasingly sensitive personal information to online shopping platforms when entering into transactions. Such data include credit card information, residential addresses, passwords, and login information for online accounts. When data breaches occur due to malware or weak password protection, consumers are exposed to a range… Continue reading Personal Data Privacy of Online Shopping Platforms in Hong Kong – Lessons from the Case of Softmedia Technology Company Limited

How can R&D tax credits help your business?

Research and Development (R&D) tax credits are a UK government tax relief that rewards companies of all sizes and sectors that invest research and development. If you are creating new products, processes, services, devices or knowledge – or improving what already exists – you could be eligible. R&D tax credits can be a vital form… Continue reading How can R&D tax credits help your business?

New Regulatory Regime for Virtual Asset Service Providers

Introduction From November 2020 to January 2021, the Financial Services and the Treasury Bureau (“FSTB”) conducted a public consultation to gauge the views from the public on the proposed legislative amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (“AMLO”). The amendments seek to, inter alia, establish a licensing regime for virtual asset… Continue reading New Regulatory Regime for Virtual Asset Service Providers

Is Your Next Office in the Metaverse?

With the COVID-19 pandemic, more and more companies have adopted remote work. Employees may choose not to go back to the office, but work from home virtually. In an interview, Bill Gates mentioned that “remote working would only pull more people into the metaverse.” Metaverse? In simple words, the metaverse is a virtual office space with… Continue reading Is Your Next Office in the Metaverse?

3 Legal Tips for E-commerce Entrepreneurs

The world of e-commerce has grown exponentially and continues to grow at a rapid rate under the current circumstances. This presents entrepreneurs with opportunities to digitalise their business and expand to the global market. However, regulating a worldwide market means strict enforcement of the law to ensure fair practice and compliance. With that said, entrepreneurs… Continue reading 3 Legal Tips for E-commerce Entrepreneurs

Strategising Digital Transformation and Training Data-literate Teams for Business of Tomorrow

In the wake of COVID-19 comes a shower of government-led incentives to accelerate digital transformation in the business world, including the highly anticipated Distance Business Programme with funding worth HK$500 million. While the epidemic as a driving force is a most unfortunate and costly one, it does urge decision makers, especially of small- and medium-sized enterprises… Continue reading Strategising Digital Transformation and Training Data-literate Teams for Business of Tomorrow

Is Blockchain Technology Disrupting Intellectual Property Management and Legal Practice in Hong Kong?

Public interest in the blockchain has spiked since the latter half of last year. As shown by Google Trends, web and news search of the term has grown exponentially since April 2017. The blockchain is essentially a decentralised ledger that stores data securely by encryption and distributes them publicly across a network of data-receiving nodes.… Continue reading Is Blockchain Technology Disrupting Intellectual Property Management and Legal Practice in Hong Kong?