Hong Kong is to subject crypto providers to the same anti-money laundering and counter-terrorist financing laws that it does traditional finance firms.
The territory's Legislative Council voted to add virtual asset service providers (VASPs) to the Anti-Money Laundering and Counter Terrorist Financing Ordinance as of June 1, 2023, according to a Dec. 5 amendment to the law.
The fallout from the collapse of FTX, which was once based in Hong Kong, before departing for Bahamas in September last year, casts doubt over what crypto-friendly ambitions Hong Kong may now have. Prior to the exchange's failure early November, the territory showed signs of relaxing its tough regulations and becoming a more crypto-friendly environment. The Financial Services and Treasury Bureau said at end-October that it was open to allowing retail customers to trade crypto or approving a virtual assets exchange-traded fund (ETF).
Last month, however, Julia Leung, the deputy CEO of the Securities and Futures Commission, called for tough rules to be implemented on crypto firms, saying that recent events had highlighted the volatility of the industry and the threats posed by its links with traditional financial services.
Read more: Hong Kong Crypto Platform Hbit's $18.1M Stuck in FTX
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
暂时没有评论，赶紧抢沙发吧！