In this article, we examine the revised Guideline on Authorisation of Virtual Banks (Revised Guideline) issued by the Hong Kong Monetary Authority (HKMA) on 30 May 2018, which sets out the principles that the HKMA will take into account in deciding whether to authorise a virtual bank in Hong Kong. The Revised Guideline is intended to encourage virtual banking in Hong Kong, and further promote financial inclusion and fintech development in Hong Kong.
Inside Cybersecurity & Privacy Law
Exploring the evolution of cybersecurity and privacy law