Tag: crypto regulation in Hong Kong

Crypto Regulation in Hong Kong: Navigating the Compliance Landscape Pain Points for Virtual Asset Service Providers (VASPs) Recent enforcement actions by the Securities and Futures Commission (SFC) against unlicensed exchanges highlight regulatory pressures. In Q2 2024, three platforms faced penalties for non-compliance with Anti-Money Laundering (AML) protocols under Hong Kong’s Payment Systems and Stored Value…