Hong Kong Amends Finance Law to Incorporate Crypto Firms

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Hong Kong Amends Finance Law to Incorporate Crypto Firms
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Hong Kong is to subject crypto providers to the same anti-money laundering and counter-terrorist financing laws as it does to traditional finance firms. By JamieCrawleyCD

Hong Kong is to subject crypto providers to the same anti-money laundering and counter-terrorist financing laws that it does traditional finance firms.

The territory's Legislative Council voted to add virtual asset service providers to the Anti-Money Laundering and Counter Terrorist Financing Ordinance as of June 1, 2023, according to a Dec. 5

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