Licensing & Legal Support
Virtual Asset Service Provider
Obtaining a Virtual Asset Service Provider (VASP) license in Hong Kong is essential for companies involved in digital asset services. This license signals compliance with regulatory standards, which builds trust among customers and investors. It also provides a legal structure, mitigating risks related to unauthorized activities such as fraud and money laundering. Moreover, a VASP license allows access to banking and financial services often denied to unregulated crypto businesses. Non-compliance could lead to fines or potential closure. Hence, securing a VASP license is a necessary step for any entity seeking to conduct sustainable and lawful business in the digital asset space in Hong Kong.
Crypto Trust/ Crypto Fund
Setting up a Crypto Trust or Crypto Fund provides an organized and secure way to invest in the rapidly evolving digital asset market. It allows pooling of resources to capitalize on the potential high returns of cryptocurrencies while spreading the risk. Furthermore, professional fund managers can navigate the complex and volatile crypto market, enhancing potential gains. A Crypto Trust/Fund also provides an additional layer of security through custody services, safeguarding assets from hacking or loss. It also offers regulatory compliance, reducing legal risks. Finally, it offers a more tax-efficient structure for investment, making it an appealing option for investors.