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Money Lenders License
Generally for lending businesses that
take cryptos as securities / P2P Platforms
You will probably need a Money Lenders License if your business involves or does any of the following:
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Crypto-Backed Loans
Taking cryptos (e.g., USDT/BTC) as security in exchange for granting loans
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Online Lending Platforms
Running an online platform to offer loans to retail consumers ​
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Crypto Margin Lending Service
Facilitating the purchase of digital assets by taking cash / crypto collaterals
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P2P Lending Platform
Acting as a platform to match retail lenders and borrowers
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Granting loans to the general public in Hong Kong as a main business
​​
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Fines
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HK$100,000 ​​
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​Imprisonment
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Up to 2 years of imprisonment (including a company's director, manager or secretary in the case of a corporate lender)
It is a criminal offence for any person / company to carry on a business of making loans without a Money Lenders License.
Loans granted by such unlicensed persons / companies without a Money Lenders License are generally not recoverable.
​Penalties
Offence
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If you are unsure if your business requires a Money Lenders License, please leave your details here, and our specialists will get in touch with you shortly.
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