Are there any new cryptocurrency regulations in Hong Kong?

1 answers

• May 08, 2022 · 3 years ago
  As a third-party observer, I can confirm that there have been new cryptocurrency regulations in Hong Kong. The government has taken steps to regulate the industry and protect investors. The Securities and Futures Commission (SFC) has introduced a licensing regime for cryptocurrency exchanges and ICO issuers. This includes requirements for proper governance, risk management, and investor protection. The SFC will also monitor compliance with anti-money laundering and counter-terrorism financing measures. These regulations aim to promote the development of a healthy and sustainable cryptocurrency market in Hong Kong, while minimizing the risks associated with this emerging asset class.
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