Cryptocurrency Regulation

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Virtual Assets: A Regulatory Overview 1401 788 Hauzen

Virtual Assets: A Regulatory Overview

A balanced regulatory approach is crucial to address risks of virtual assets on the one hand, and to minimize the compliance burden to businesses on the other.

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FSTB Concludes Landmark Consultation on New Licensing Regime for Virtual Assets Services Providers 1400 788 Basil Hwang

FSTB Concludes Landmark Consultation on New Licensing Regime for Virtual Assets Services Providers

After a three-month consultation (see our previous news update here) on the legislative proposal to introduce a new licensing regime for virtual asset services providers (“VASPs”) with an objective of enhancing anti-money laundering and counter-terrorist financing (“AML/CTF”) regulation in Hong Kong, the Financial Services and the Treasury Bureau (“FSTB”) published its consultation conclusion on 21…

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