Hong Kong's dual licensing regime for virtual asset trading platform operators to take effect on 1 June 2023
MinterEllison LLP Hong Kong
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On 1 June 2023, the new regulatory regime for virtual asset trading platform ("VATP") operators will come into effect, whereby all operators of centralised VATPs carrying on business in Hong Kong or actively marketing their services to Hong Kong investors need to be licensed by the Securities and Futures Commission (the "SFC") under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (the "New AMLO Regime").?To prepare for this upcoming New AMLO Regime, the SFC consulted the public on its proposed regulatory requirements for VATP operators.?
For more information, please refer to our article*.
*The article is authored by our Partners Nathan Dentice , Cordelia Yu and Trainee Solicitor Elaine Ng . Please contact the authors for enquiries.
(Traditional Chinese and Simplified Chinese versions are provided. Please refer to the following links:
Traditional Chinese: 香港的虛擬資產交易平台營運者雙重牌照制度將於 2023 年 6 月 1 日生效
Simplified Chinese: 香港的虚拟资产交易平台营运者双重牌照制度将于2023年6月1日生效)
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1 年Thanks for sharing, George!