Victory Securities will implement a "no-buy" restriction on virtual asset accounts identified as having "mainland IP addresses".

 according to Hong Kong media Hong Kong Economic Journal, local brokers in Hong Kong have begun tightening regulations on virtual asset investments from the mainland. According to a notice sent by Victory Securities to clients, starting from December 19, 2025, a "buying ban" restriction will be implemented on virtual asset accounts identified by the system as coming from "mainland IP" addresses, a move suspected to close loopholes.