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(Live Lecture & Webinar) Regulation and Litigation of Cryptocurrencies and the Stablecoins Ordinance
Dicky Cheung, Barrister, Garden Chambers
Date: 14 August 2026 (Friday)
Time: 2:30pm - 5:45pm
Level: I (Intermediate)
For delegates who have prior knowledge of the subject area
Language: English
Fee: HK$ 1,850
Accreditation: (3 CPD Points will be applied for)
Ref: L26OT20
Venue: Live Lecture or Zoom Webinar
- Rm 2102, 21/F, Beautiful Group Tower,
77 Connaught Road Central, HK
- Online Webinar via Zoom
[View Map]
Presenter's Biography:

Mr. Dicky Cheung read law at the University of Hong Kong and was called to the bar in 2017. He joined Garden Chambers in the following year.

His practice is focused on commercial, company and contractual litigation. He has represented listed companies, state-owned banks (overseas and PRC), and high net worth individuals in handling complex commercial, corporate and civil litigation with securities, trusts and probate at issues, involving overseas parties and complicated transactions.

Dicky also frequently represents professionals, including insurance agents, estate agents, optometrists etc., in disciplinary proceedings, and their appeal and judicial review proceedings.

Dicky is fluent in Putonghua and regularly handles PRC-related cases and parties.
 
Objective:

This comprehensive CPD course offers Hong Kong legal practitioners a practical and up-to-date overview of the fast-evolving regulatory regime governing cryptocurrencies, virtual assets, and stablecoins in Hong Kong, together with the key litigation, enforcement, and asset recovery issues that arise in this dynamic sector.

Participants will first acquire a clear foundational understanding of the underlying technology and concepts. The course will then examine the international and local regulatory developments, with particular focus on Hong Kong's "same activity, same risks, same regulation" policy, the SFC's ASPIRE Roadmap, the dual licensing regime for virtual asset trading platforms, and the recently enacted Stablecoins Ordinance, Cap 656 (effective 1 August 2025).

The final section provides practical guidance on the treatment of cryptocurrencies as property under Hong Kong law and the full range of proprietary and personal remedies available in crypto-related disputes. Through case studies and real-world examples, participants will learn effective strategies for tracing, freezing, and recovering crypto assets in fraud, insolvency, family, and platform failure cases.

By the end of the session, solicitors will be well-equipped to advise clients on regulatory compliance, assess litigation risks and opportunities, and handle crypto asset disputes and recovery matters with confidence.
 
Outline:

Section A - Crypto Concepts and Technology Foundations
  • What is cryptocurrency and blockchain technology?
  • Core building blocks: public/private key cryptography, digital signatures, hashing, Merkle trees, and asymmetric encryption
  • How cryptocurrency transactions work - the UTXO model, validation, mining, consensus, and finality
  • Archetypes of Distributed Ledger Technology (DLT) networks: private-permissioned, public-permissioned, and public-permissionless
  • Practical legal implications: wallets, custody, smart contracts, tokenisation, and tokenised assets

Section B - Regulatory Landscape in Hong Kong and Internationally
  • International standard-setting: FATF, IOSCO, FSB, and global coordination efforts
  • Hong Kong's policy stance: "same activity, same risks, same regulation" and positioning as a responsible virtual asset hub
  • SFC's ASPIRE Regulatory Roadmap for Virtual Assets (2025)
  • Regulatory evolution for intermediaries: VA portfolio management, fund distribution, dealing, and advisory services
  • Dual licensing regime for Virtual Asset Trading Platforms (VATP) under the AMLO
  • The new Stablecoins Ordinance, Cap 656 (effective 1 August 2025): licensing requirements, reserve assets, redemption rights, issuer obligations, and international comparisons
  • Investor classification (Professional Investors vs Retail), conduct requirements, and selling restrictions
  • Upcoming developments: VA dealing licensing, custody regime, and tokenisation initiatives
  • Tax treatment and other ancillary considerations

Section C - Litigation and Asset Recovery
  • Recognition of cryptocurrency as "property" under Hong Kong law (Re Gatecoin [2023] and comparative authorities)
  • Proprietary versus personal claims in crypto disputes
  • Available interim and final remedies:
    • Proprietary injunctions
    • Mareva (freezing) injunctions
    • Norwich Pharmacal and Banker's Trust orders

  • Vesting orders and equitable tracing
  • Practical case studies: fraud, theft, hacking, insolvency, divorce, and exchange/platform failures
  • Enforcement challenges, cross-border issues, and third-party disclosure
  • Distribution of crypto assets in insolvency and lessons from Gatecoin and other authorities

Q&A
  • Key takeaways and practical checklist for practitioners
  • Emerging trends and future regulatory/litigation developments

 
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