一文梳理香港加密货币监管政策进程：香港已成加密世界的又一座宝地

Odaily星球日报Опубликовано 2023-11-04Обновлено 2023-11-04

Введение

伴随着 2022 年香港政府官宣对 Crypto 市场的开放和包容，许多资本又选择回归属于自己的 “战场”，那么虚拟资产在港发布一周年纪念日里，又有哪些重磅政策在推进虚拟资产的发展呢？

文章作者：Meta Era 特邀作者「Crypto 大表哥」

引言

距离 2022 年 10 月香港财经事务及库务局发布的 《有关香港虚拟资产发展的政策宣言》 已经过去整整一周年，本文将对这一年政府发布的政策和监管进行梳理。随着上一轮加密货币世界的繁荣，越来越多的市场把目光瞄准了加密货币领域，许多机构和个人投资者都跃跃欲试，但因 2021 年前后政策的不明朗，导致大量的资本和机构 “外逃” 到新加波和美国等加密货币友好国家。伴随着 2022 年香港政府官宣对 Crypto 市场的开放和包容，许多资本又选择回归属于自己的 “战场”，那么虚拟资产在港发展一周年纪念日里，又有哪些重磅政策在推进虚拟资产的发展呢？本文将一一介绍和跟进相关政策内容！

香港 Web 3.0 扶持政策盘点

香港在支持大力发展 NFT，Gamefi 等赛道后，港府首先于 2022 年 10 月 16 日宣布要推动数码港元以链接虚拟资产的第一座桥梁，随后发行政府代币化绿色债券以表明支持分布式账本技术（高效，减少成本，增加信任）。

在香港科技周（2022 年 10 月 30 日）当中，香港政府宣布将设立一个 40 亿美元的科技基金， 用于区块链、Web3 以及其他科技型企业的创业扶持，香港政府用实打实的政策去支持行业的发展。随之而来的是 ETF 的通过，

同一天，香港证监会发函授权公开发售虚拟资产期货交易所买卖基金 ETF。

一文梳理香港加密货币监管政策进程：香港已成加密世界的又一座宝地

图 1 证监会 ETF 说明函

证监会仅允许针对在传统受监管期货交易所上交易的虚拟资产期货发行指数基金，只批准在芝加哥商品交易所交易的比特币期货和以太币期货类指数基金。

建立在第一次拨款的基础上，香港财政司长陈茂波与 2023 年 4 月在拨款 5000 万港元用于 Web3 的生态建设，如果熊市能看出政府对于 Web3 的重视程度以及财政支持，相信在牛市中，各位优秀的 Web3 创业人士能获得政府更大的帮助，无论实在经济上还是政策支持上。

一文梳理香港加密货币监管政策进程：香港已成加密世界的又一座宝地

图 2 陈茂波司长就 Web3 发言

监管政策进程

早在 2019 年 11 月，香港就对加密货币交易所进行监管，只有获得牌照的 CEX 才能给投资者提供相应服务，但只有一家 CEX （OSL）获得牌照，直到香港政府官宣鼎力支持 Crypto 行业的发展，这才迎来了转机。根据香港 SFC 官网显示，现在有诸多交易所正在排队申请牌照， 2022 年获批的交易所为 HashKey ，Meex 目前是 2023 年没被驳回申请的香港交易所， 12/10/2023 之前公布申请结果。

2022 年交易所都只限专业投资者，暂不对散户开放零售业务，但在 2023 年的 8 月，香港政府宣布挂牌交易所可以对散户进行销售，足以证明香港政府在推动加密货币资产全球化的决心。

香港 SFC 颁布的牌照也有区别其中最关键的是 1 号牌和 7 号牌（分别为证劵交易和提供自动化交易服务）这是合规交易所落地的必要条件， 9 号牌照也是市场的关注点，区别是能够托管用户资金，也就是私募或者公募的必要条件，交易所不目前不需要改牌照。

对于 NFT 的监管，香港证监会 2022 年 6 月 6 日发布《提醒投资者注意 NFT 风险》的公告中说道大部分的 NFT 都拟代表其相关资产，例如是电子图像、艺术品、音乐或影片的一个独一无二的版本。整体而言，如果某 NFT 是一个真正以数码形式存在的收藏品，与之相关的活动便不属于证监会的监管范围。Gamefi 和 NFT 一样，凡事能获得收益的如 Token 都将被列入监管政策的名单，以保证消费者的权益。

交易币种方面，香港区块链协会会长唐仪说到：“比特币和以太坊这类 Token 则被定义为功能性 Token（Utility Token），因此不需要进行登记和审计。每一个在市场上流通的 Token 都需要通过独立的司法案例甚至法律诉讼，来判决它究竟是证券型通证还是功能性 Token，你可以像 Ripple 一样，向证监会提交法律意见，和证监会打官司，论证他们的解释不对”。

一文梳理香港加密货币监管政策进程：香港已成加密世界的又一座宝地

图 3 可交易币种

稳定币监管，根据香港金管局 2023 年发布的《加密资产和稳定币讨论文件》要求稳定币应全额支持和允许面值赎回，其具有⾼流动性。基于套利或算法的稳定币将被拒绝，如 DAI 等，此举将会免除 LUNA 这类算法稳定币给投资者带来的潜在财产损失。

交易所保障，根据香港证监会公布的文件要求平台营运者须时刻维持不少于 500 万港元的缴足股本(即“缴足股本最低数额＂ ) 。平台营运者应时刻在香港实益拥有具有充分流通性的资产，例如现金、存款、国库券及存款证(但非虚拟资产)，其金额应相等于平台营运者按持续基准计算至少 12 个月的实际营运开支。另外，平台营运者应在私人密钥管理方面设立并实施严格的内部监控措施及管治程序，借以确保安全地产生、储存及备份所有加密种子及私人密钥。种子及私人密钥均在香港储存。

小结

从扶持政策到监管政策的落地，可以看出香港政府对于发展虚拟资产行业的决心和态度，在扶持方面，同归开放政策和资金帮助来吸引越来越多的创业者拥抱香港加密货币行业。

从监管政策上来看，最直接的帮助就是开放散户交易许可，而不仅仅只限于专业投资者，这将大大促进香港加密货币行业的使用群体范围，同时也严格监管交易所上线币种和业务等，用户获得更多交易权利的同时，极大程度保障用户的安全，香港终将成为加密货币行业友好港湾，重回巅峰！

Похожее

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

A group of U.S. Senate Republicans, led by Senator Cynthia Lummis, is urging federal bank regulators to establish clear and fair capital rules for banks involved with crypto assets. In a letter to the Federal Reserve, FDIC, and OCC, the lawmakers criticized the international Basel Committee's standards, which impose a punitive 1,250% risk weight on crypto assets, calling it a de facto ban not based on actual risk. They applauded recent interagency guidance that granted tokenized securities the same capital treatment as traditional ones, arguing this risk-based principle should apply consistently to all digital assets. The senators called on the agencies to develop a new capital framework, aligning with recent legislative progress on crypto market structure. Their push coincides with testimonies from top regulators, who emphasized a shift toward more risk-based supervision and responsible innovation, while also addressing stablecoin oversight under new proposals.

bitcoinist6 мин. назад

US Senators Press Bank Regulators For ‘Fair’ Crypto Capital Rules

bitcoinist6 мин. назад

Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

NEAR Returns to AI Origins: From Payroll Struggles to Blockchain, Now Focusing on AI Agents and Privacy NEAR Protocol's journey began not with grand blockchain ambitions, but from a practical hurdle: its AI startup founders, including Transformer paper co-author Illia Polosukhin, couldn't efficiently pay international developers in 2017. This led them to pivot and build a high-performance, scalable blockchain. After years navigating various crypto narratives like sharding and cross-chain interoperability, NEAR is now leveraging its AI roots to re-enter the AI arena. A key driver is its "NEAR Intents" layer, which abstracts complex cross-chain transactions. Users simply state their goal (e.g., swap BTC for ETH), and a solver network finds the optimal route. This system has processed over $20B in cross-chain volume, generating significant fee revenue. A major growth area is private transactions via "Confidential Intents/Swaps," which hide trade details until settlement to protect against MEV and front-running. Remarkably, private swaps recently accounted for over 40% of NEAR's transaction volume, highlighting strong demand but also potential regulatory scrutiny. With its AI-founder pedigree, NEAR is positioning itself at the intersection of blockchain, AI agents, and privacy, aiming to become infrastructure for the emerging agent economy while navigating the challenges of its rapid adoption.

marsbit2 ч. назад

Near Returns to the AI Stage: Transformation into a Public Chain Due to 'Payroll Difficulties,' Agent and Privacy Emerge as New Growth Narratives

marsbit2 ч. назад

From Ethereum to AI's 'CROPS': What Exactly is This Set of 'Slow Variables' That Vitalik Repeatedly Emphasizes?

In recent discussions, Vitalik Buterin has frequently emphasized the concept of "CROPS," a framework defining core values for Ethereum's development. CROPS stands for Censorship Resistance, Capture Resistance, Open Source, Privacy, and Security. Initially outlined in the Ethereum Foundation's "EF Mandate," it represents a commitment to user sovereignty, ensuring that the network resists external control, remains open, protects privacy, and prioritizes security. The relevance of CROPS extends beyond Ethereum's foundational principles, becoming crucial in the context of AI integration. As AI agents begin handling wallet operations and automated transactions, the risk increases that users may cede control over their digital assets, privacy, and intentions to centralized AI service providers. A "CROPS AI" would therefore emphasize local execution where possible, privacy-preserving remote model calls (e.g., using zero-knowledge proofs), and transparent, verifiable processes to maintain user agency. Vitalik highlights a significant convergence between "CROPS Ethereum access layer" and "CROPS AI." Both address the same fundamental challenge: how users can access powerful services—be it blockchain data via RPCs or AI models—without exposing sensitive information or relinquishing ultimate control. This intersection points toward a future digital entry point that is more private, secure, and user-controlled. Ultimately, CROPS is not merely an abstract ideal but a practical guidepost. It steers development—from protocol resilience and wallet design to AI agent safety—towards a future where users retain self-sovereignty even as digital systems grow more complex and powerful. In an era of accelerating AI adoption, these "slow variables" of censorship resistance, openness, privacy, and security may define Ethereum's enduring value.

marsbit2 ч. назад

From Ethereum to AI's 'CROPS': What Exactly is This Set of 'Slow Variables' That Vitalik Repeatedly Emphasizes?

marsbit2 ч. назад

Zcash Bug Could Have Minted Unlimited ZEC Undetected

A critical vulnerability in Zcash's Orchard shielded pool, discovered by researcher Taylor Hornby on May 29, 2026, could have allowed an attacker to create an unlimited amount of undetectable counterfeit ZEC. The flaw, involving an under-constrained element in the Orchard circuit, existed from the pool's 2022 activation until an emergency fix was deployed by June 2, 2026. Hornby identified the bug using AI-assisted auditing tools and confirmed its exploitability in a test environment. Due to Orchard's privacy features, which hide transaction amounts and history, there is no cryptographic way to prove whether the vulnerability was exploited before the fix. While Shielded Labs assesses prior exploitation as unlikely, this uncertainty has sparked a debate on proving supply integrity in privacy-preserving systems. In response, Shielded Labs and other developers are exploring a network upgrade, potentially involving a new shielded pool and formal verification of the circuit rules to prevent future vulnerabilities and allow verification of the ZEC supply's integrity. ZEC's price fell nearly 45% following the disclosure.

bitcoinist2 ч. назад

Zcash Bug Could Have Minted Unlimited ZEC Undetected

bitcoinist2 ч. назад

Silicon Valley 'Startup Guru' Steve Hoffman: Web3 + AI Could Be a Trap

Silicon Valley investor and "Godfather of Startups" Steve Hoffman warns that combining Web3 with AI is likely a trap, not a promising venture. In an interview, Hoffman argues that while AI is a foundational technology touching all industries, Web3 adds complexity, friction, and regulatory risk without solving mainstream consumer or business needs. He advises founders to focus on deep, specialized applications where startups can out-iterate giants, rather than on generic features easily replicated by large tech companies. Hoffman observes that Silicon Valley will lead foundational AI research, while China excels at rapid, large-scale application and commercialization, particularly in robotics. He stresses that AI-driven autonomous agents capable of collaborative, multi-step tasks are 2-4 years away, which will cause significant job displacement. The solution is not to slow AI but to redesign business models around human-AI collaboration and reform social systems like education and retraining. For startups, Hoffman recommends focusing on vertical, expertise-heavy domains to build defensibility. He sees major opportunities in AI fraud detection and cybersecurity. Key founder mindsets include systemic thinking over feature-focus, relentless customer centricity, building adaptive teams, and deeply understanding AI's capabilities and limits. Hoffman is also leading a non-profit initiative to establish university centers aimed at training future leaders in responsible, human-value-aligned AI innovation.

marsbit4 ч. назад

Silicon Valley 'Startup Guru' Steve Hoffman: Web3 + AI Could Be a Trap

marsbit4 ч. назад

Торговля

Спот
Фьючерсы
活动图片

Популярные категорииright-arrow

Популярные тегиright-arrow