Hong Kong asserts rigorous crypto regulations amid market evol | Trade Crypto Now
Hong Kong asserts rigorous crypto regulations amid market evolution
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, reiterated the special administrative region’s banner of “same activity, same risk, same regulation,” under which Hong Kong crafted a licensing regime for virtual asset service providers (VASP). Hong Kong before the implementation of the new licensing system had been granted a transitional period intended to support them in adapting to the regulatory framework.
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