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News Explorer — Hong Kong's New Crypto Rules Explained

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Jun 13, 7:02 pm

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Hong Kong's New Crypto Rules Explained

Hong Kong has recently released its Virtual Asset Trading Platform (VATP) handbook, providing guidelines for cryptocurrency companies that wish to operate in the country. The handbook outlines the requirements for companies to be considered "genuine" and for officers to pass a "fit and proper" test. It also states that companies actively marketing to Hong Kong residents come under the purview of regulators.

Hong Kong has recently released its Virtual Asset Trading Platform (VATP) handbook, providing guidelines for cryptocurrency companies that wish to operate in the country. The handbook outlines the requirements for companies to be considered "genuine" and for officers to pass a "fit and proper" test. It also states that companies actively marketing to Hong Kong residents come under the purview of regulators.

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