top of page
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:
-
Crypto-Backed Loans
Taking cryptos (e.g., USDT/BTC) as security in exchange for granting loans
-
Online Lending Platforms
Running an online platform to offer loans to retail consumers
-
Crypto Margin Lending Service
Facilitating the purchase of digital assets by taking cash / crypto collaterals
-
P2P Lending Platform
Acting as a platform to match retail lenders and borrowers
-
Granting loans to the general public in Hong Kong as a main business
-
Fines
HK$100,000
-
Imprisonment
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
(Click here to request a quotation)
Request For Quotation
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.
bottom of page