Cryptopolitan
2023-05-10 15:48:50

No leniency for crypto companies: Hong Kong’s Monetary Authority chief outlines strict regulations

Hong Kong’s crypto-friendly efforts are accompanied by stringent regulations for service providers in the digital asset space. The Hong Kong Monetary Authority (HKMA) is developing a new licensing system for virtual asset service providers and guidelines for banks dealing with crypto firms, ensuring that the city doesn’t become a hub for lax regulation. Tightening regulations ... Read more

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