Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.
January 19, 2023Licensing will be available to companies incorporated elsewhere as long as they have a registration in Hong Kong.
February 11, 2022The consultation will facilitate the introduction of legislation to expand access to the digital identity system to private sector entities.
June 24, 2021Hong Kong’s FSTB has issued consultation conclusions on the new licensing regime for VASPs and a new registration regime for precious metals dealers.
May 24, 2021Advances in digital identification technology can mitigate the unpleasant rise in pandemic-related financial crime. A top regulator, banker and lawyer join forces with Refinitiv to discuss how.
May 27, 2020