The Hong Kong authorities final week launched a session on the proposed new guidelines, aiming to strengthen anti-money laundering and counter-terrorist financing regulation. The session contains the introduction of a licensing regime for digital asset providers suppliers; a registration regime for sellers in treasured metals and stones, and a few... Binance already supports euros and pounds sterling through Epay, a payments provider founded in Hong Kong in 2014. Subscribe to Blockchain Bites , our daily update with the latest stories. Subscribe Hong Kong’s financial supervisory authority, the Securities and Futures Commission (SFC), introduced a set of rules specifically for cryptocurrency trading platforms last year. However, this only applied to those platforms that trade an asset officially classified as a security or future. This regulation has not yet applied to trading venues specializing in purely digital assets. Cryptocurrency regulation in Hong Kong is undergoing changes. The Securities and Futures Commission (SFC) is reportedly introducing a new licensing system to regulate all crypto exchanges ... Hong Kong’s Securities and Futures Commission declares that all crypto platforms with operations the city be regulated. Speaking during the FinTech Week event today, Ashley Alder, the CEO of the Hong Kong securities watchdog, announced that the new regulation would apply to all crypto trading platforms. Bitcoin Association of Hong Kong, a non-profit based in the city that advocates for digital currency laws and education, conducted a poll on Twitter to assess the proposal’s economic impact. Under proposed regulation in Hong Kong, Bitcoin exchanges will have to get licensed and no longer be allowed to sell Bitcoin to end users. Hong Kong’s SEC aims to regulate local crypto exchanges according to a new report that we have in our latest cryptocurrency news. 4 Wednesday November 2020 About
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