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南帝一灯大师
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The Central People's Bank of China (PBoC) released the "China Financial Stability Report (2024)" which mentions global cryptocurrency regulatory trends and particularly highlights the compliance progress of cryptocurrency in Hong Kong.
Hong Kong is actively exploring the management of cryptocurrency asset licenses, categorizing virtual assets into two types for regulation: securitized financial assets and non-securitized financial assets. It implements a distinctive "dual licensing" system for operators of virtual asset trading platforms, which applies to the regulatory and licensing systems under the "Securities and Futures Ordinance" and the "Anti-Money Laundering Ordinance." Institutions engaged in virtual asset business must apply for a registration license from the relevant regulatory authorities to operate. At the same time, Hong Kong requires major financial institutions such as HSBC and Standard Chartered to include cryptocurrency exchanges within the scope of their daily customer monitoring.
Hong Kong is actively exploring the management of cryptocurrency asset licenses, categorizing virtual assets into two types for regulation: securitized financial assets and non-securitized financial assets. It implements a distinctive "dual licensing" system for operators of virtual asset trading platforms, which applies to the regulatory and licensing systems under the "Securities and Futures Ordinance" and the "Anti-Money Laundering Ordinance." Institutions engaged in virtual asset business must apply for a registration license from the relevant regulatory authorities to operate. At the same time, Hong Kong requires major financial institutions such as HSBC and Standard Chartered to include cryptocurrency exchanges within the scope of their daily customer monitoring.
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