Hong Kong's Securities and Futures Commission (SFC) and the AFRC have signed a new memorandum of understanding. It extends their cooperation on financial reporting, audits and compliance to licensed virtual asset service providers. Cointelegraph reported the agreement on September 28, 2026.
The MoU does not create a dispute between the two agencies. It widens an existing working relationship so that it also covers crypto firms that hold a Hong Kong licence. In practice, the licensed firms' financial statements and audits now come under an arrangement shared by both regulators.
The report leaves several questions open. It does not say which firms are affected, what new filings or checks they will face, or when any change takes effect. It also does not mention any penalties, fees or trading rules.
For anyone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, the direct effect is nothing. The agreement concerns how licensed firms in Hong Kong report and audit their finances. The report says nothing about funding rates, trading fees or liquidity, and it does not name any of these four exchanges.
Source: cointelegraph — Hong Kong regulators expand financial reporting oversight to licensed crypto firms