Hong Kong to subject crypto exchanges to the same laws governing TradFi

The legislative council of Hong Kong has amended its anti-money laundering (AML) and counter-terrorist financing (CFT) financing system to include virtual/crypto asset service providers. The legislation will create a new licensing regime for crypto asset service providers, which will go into effect on 1 June 2023. The new amendment will subject crypto exchange service providers to […]

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December 08, 2022 at 02:20PM