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Hong Kong to Consider Additional FATF-Style Regulations for Crypto Exchanges – CoinDesk

Hong Kong to Consider Additional FATF-Style Regulations for Crypto Exchanges – CoinDesk

Hong Kong may soon bolster its policing of the cryptocurrency sector to better conform with international anti-money-laundering norms, Financial Secretary Paul Chan said in his annual budget speech Wednesday. Promising that “detailed proposals” will come later this year, Chan said new regulations could target virtual asset service providers, or VASPs, the catchall term used by the Financial Action Task Force (FATF) in its latest “Travel Rule” guidance.







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