Web13 okt. 2024 · Following the public consultation on the legislative proposals to introduce a new licensing regime for virtual asset services providers (VASP) which aims to enhance AML/CTF regulation in Hong Kong, the FSTB issued the conclusions of the public consultation (“Consultation Conclusions”) on 21 May Web14 apr. 2024 · HONG KONG, 14 APRIL 2024 – HashKey Group, the leading virtual asset group in Asia, is thrilled to announce the launch of HashKey PRO, its new regulated …
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Web12 jan. 2024 · In Hong Kong, the Government has announced that a virtual asset service provider (VASP) licensing regime would be implemented for crypto-asset activities conducted on exchanges by amending the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. WebA new licensing regime for virtual asset service providers (VASPs) will come into effect on 1 March 2024 under proposed amendments to the Anti-Money Laundering and Counter … just in time heating \u0026 air conditioning
Hong Kong Formalises Legal Framework to Regulate Virtual Asset …
WebIf a crypto-asset has characteristics of a security as defined under the Securities and Futures Ordinance ( SFO) then it will be regulated by the SFC as a security in accordance with the SFO and other relevant laws and regulations. Further, the regime governing the offering/marketing of financial products in Hong Kong will be relevant if a ... WebIn December 2024, the Legislative Council of Hong Kong enacted the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2024 to regulate virtual asset service providers (VASP) and to combat fraud and deceptive practices in transactions of “virtual assets”. Gavin Cumming from Timothy Loh LLP considers … Web15 jul. 2024 · Any person operating a VA exchange in Hong Kong will therefore need to apply for a licence or cease operations in Hong Kong. The Amendment Bill contains transitional provisions for operators of VA exchanges carrying on business in Hong Kong before 1 March 2024 (see below). laura in the kitchen stuffed cabbage