The SFC issued a Position Paper: Regulation of Virtual Asset Trading Platforms (SFC Position Paper) on 6 November 2019, setting out new regulations for licensing cryptocurrency exchanges with a strong emphasis on investor protection issues including custody of virtual assets, anti-money laundering obligations and obligations on licensed platforms to ensure that professional investors to whom they offer services have sufficient knowledge of virtual asset investments. Read More…
SFC Issues Regulations for Licensed Crypto Exchanges
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