Between October and February, 80 virtual asset-related companies have expressed interest in establishing a presence in Hong Kong.
March 22, 2023The FSC will focus on the segregation of customer assets at crypto exchanges, the supervision of token listings, and customer protection.
March 22, 2023Upbit's Azman Hamid discusses the UAE’s addition to the FATF grey list and APAC's implementation of the FATF recommendations on virtual assets.
March 22, 2023The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.
March 16, 2023The illicit crypto transactions were mostly aimed at purchasing foreign virtual assets with the intention of exploiting the so-called “Kimchi premium”.
March 9, 2023The roadmap will include a stocktake of steps taken globally to regulate and supervise virtual asset service providers.
February 28, 2023Financial Secretary Paul Chan announced in the government’s 2023-2024 budget that he will establish and lead a task force on virtual asset development.
February 23, 2023The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.
February 20, 2023Hong Kong was upgraded for extending AML/CFT supervision to most DNFBP sectors, but downgraded for virtual asset-related deficiencies.
February 20, 2023Financial Secretary Paul Chan said the issuance demonstrates Hong Kong’s strengths in combining bond market, green and sustainable finance, and fintech.
February 17, 2023