April

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/hong-kong-enhances-crypto-market-oversight-with-new-investor-opportunities" rel="noopener noreferrer nofollow">Hong Kong Enhances Crypto Market Oversight with New Investor Opportunities</a><br></p>
<p style="text-align: justify">Hong Kong is taking significant strides in the <a href="https://en.bitcoinhaber.net/insightful-analysis-cryptocurrency-expert-anticipates-major-uptrend-for-moonriver-and-highlights-potential-in-solana-and-sei" rel="noopener noreferrer nofollow">cryptocurrency</a> scene by fostering an environment that removes barriers for individual investors in digital currencies. Simultaneously, the US is expanding access to cryptocurrencies, with the introduction of spot BTC ETFs stirring a wave of optimism in the Asian financial markets.</p>
<h2 id="hong-kong-s-proactive-approach-to-crypto">Hong Kong’s Proactive Approach to Crypto</h2>
<p style="text-align: justify">The region, known for its autonomous governance, is launching public consultations aimed at crafting legislation to oversee over-the-counter (OTC) crypto transactions. This move follows earlier indications on social media that hinted at the pilot programs greenlit by China.</p>
<p style="text-align: justify">Stakeholders have until April 12 to provide insights on the proposed framework. Hong Kong officials emphasize the importance of such consultations for crafting relevant and effective regulations, drawing on the expertise of various industry participants.</p>
<h2 id="setting-the-stage-for-a-regulated-crypto-marketplace">Setting the Stage for a Regulated Crypto Marketplace</h2>
<p style="text-align: justify">Hong Kong is revamping its regulatory approach by mandating licenses for crypto service providers. The new rules proposed by the government will necessitate all OTC service providers to obtain a license from the Hong Kong Customs and Excise Commissioner. This includes businesses involved in spot trading of any cryptocurrency within Hong Kong’s jurisdiction.</p>
<p style="text-align: justify">The regulation extends to all forms of OTC services, whether conducted at physical locations or via digital platforms. The Customs and Excise Department will monitor compliance with anti-money laundering standards and other legal requisites to safeguard investors. Furthermore, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, recently cautioned the public against engaging with unlicensed OTC services due to the heightened risk of fraud.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/hong-kong-enhances-crypto-market-oversight-with-new-investor-opportunities" rel="noopener noreferrer nofollow">Hong Kong Enhances Crypto Market Oversight with New Investor Opportunities</a></h5>

Hong Kong Enhances Crypto Market Oversight with New Investor Opportunities

목차

BH NEWS

2024년 2월 8일에 게재된 다른 기사

Security Firm Exposes 3 Telegram Channels Promoting Crypto Scams

Investors Pivot to NuggetRush Amidst MANTA’s Declining Fortunes

Most Trending Crypto on Ethereum Chain Today – Bitcoin Inu, Moros Net, YES

This Crypto Firm Faces a $3M Fine for Selling Digital Assets Without License

Ripple Sheds Light on the Future of Finance with Asset Tokenization

Flood Raises $5.2 Million Seed Round to Democratize Ethereum’s Order Execution Led by Bain Capita...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!