📢Good news! Hong Kong's "cryptocurrency to ETF" mechanism has raised concerns about money laundering. 😱It is said that some people with mainland backgrounds are trying small-scale "cryptocurrency to ETF" transactions, trying to "launder" their Ethereum and Bitcoin through dummy accounts and other methods. 🔍The industry calls for KYT (Know Your Token) and other reviews, which are quite difficult.

In response, the Hong Kong Securities and Futures Commission emphasized that in the operation of ETF products, including fund companies, custodian banks, asset trading platforms, participating brokers, etc., must be licensed or recognized institutions, and strictly abide by asset custody, liquidity, valuation, information disclosure, investor education and other requirements. 💼

The Securities and Futures Commission's "Anti-Money Laundering Ordinance" also clearly stipulates that financial institutions and designated non-financial enterprises and industry personnel must comply with customer due diligence and record keeping regulations, which also apply to the virtual asset industry. 📜

Although the prospects for Bitcoin look optimistic, we must also be wary of possible risks. Let us pay attention to the global regulatory dynamics of blockchain, industry trends, cryptocurrency news, and learn more! 👀