Virtual Asset Services Providers (VASP) Licensing Regime in Hong Kong
updated on 13/12/2022 On 7 December 2022, the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 in Hong Kong has been passed by the Legislative Council, to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulatory regime of Hong Kong and fulfil the obligations under the Financial Action Task Force (FATF). The amendments, which follows the […]
Crypto Regulation is coming? How Virtual Asset Service Providers (VASP) Prepare for the Licensing and Anti-Money Laundering (AML/CFT) Compliance?
Decentralized finance (DeFi) and Cryptocurrency are the most rapidly growing trends in today’s financial world. The overall market capitalization of cryptocurrencies surges from 758 billion in 2020 to all-time high of $3 trillion in November 2021. In the light of the potential growth, there is no doubt that the rise in cryptocurrency not only attracts […]