Cryptocurrency hong kong

cryptocurrency hong kong

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Crypto platform JPEX halts some transactions amid Hong Kong probe
Hong Kong is a significant hub in the global cryptocurrency landscape, home to numerous blockchain companies, crypto exchanges, and enthusiasts. Hong Kong and Singapore led crypto regulation in Asia this year, with many global crypto firms expanding to both jurisdictions. Yes, crypto is regulated under the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance Securities and futures.
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    calendar_month 12.08.2020
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To ensure that the required information is submitted in a secure manner, an ordering institution should undertake VA transfer counterparty due diligence measures and take other appropriate measures and controls as specified in the Guideline. Hear from our satisfied customers. In addition, if they are an executive director of the Platform Operator, they need to be approved as a responsible officer According to the AMLO, a person without a license must not: Carry out the business of providing any VA service Declare themselves as a business providing VA services Additionally, a person who is not a licensed representative within the meaning of the Ordinance must not: Perform any regulated function in relation to the business of providing a VA service Declare themselves as an individual providing such regulated function The amended Ordinance also prohibits unlicensed persons from advertising VA services. He added that while Beijing is negative towards digital currencies, it understands the importance of blockchain technology. In May , the SFC issued a circular to highlight the documents and information necessary for license applicants and provide guidance on the new regulatory requirements.