Latest Chain

Hong Kong Adopts Change Establishing VASP License System

 

Hong Kong’s Legislative Council approved the Anti-Money Laundering and Counter-Terrorist Financing Amendment. This amendment provides a licensing system for virtual asset service providers (VASPs). The Anti-Money Laundering and Counter-Terrorist Financing Amendment (Amendment Bill 2022) further mandates that VASPs keep records of all transactions in accordance to the standard customer due diligence and record-keeping requirements.

 

LEAVE A RESPONSE

Your email address will not be published. Required fields are marked *