Virtual Asset Services Providers (VASP) Licensing Regime in Hong Kong

Hong-Kong-Virtual-Asset-AML-License

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?

Crypto Anti Money Laundering Compliance Regulation

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 […]