Hong Kong Police Arrest Suspects in JPEX Scandal
Download PDF | Download Word The Hong Kong police arrested eighteen individuals on charges of suspected fraud in connection with unlicensed crypto exchange JPEX. According to reports, the alleged fraud involved over 2000 victims and resulted in losses of more than...
HKMA Publishes 2023 Fintech Promotion Roadmap for Hong Kong
Download PDF | Download Word Hong Kong is on track to become a global Fintech hub with the HKMA’s announcement of its 2023 Fintech Promotion Roadmap. This roadmap seeks to promote Fintech adoption in the wealth management, insurance and green investment sectors, and...
SFC Warns Unlicensed Crypto Exchanges re. Improper Conduct
Download PDF | Download Word There are a number of existing virtual asset trading platforms (VATPs) operating in Hong Kong. How do existing VATPs comply with Hong Kong’s 2023 AMLO licensing regime? In this newsletter we set out the transitional arrangements that have...
HKMA Urges Banks to Provide Banking Services to Virtual Asset Service Providers
Download PDF | Download Word The Hong Kong Monetary Authority (HKMA) released the Access to Banking Services for Corporate Customers circular to facilitate virtual asset service providers (VASPs) to access banking services in the Hong Kong. This came ahead of the...
Hong Kong Monetary Authority commences e-HKD Pilot Programme
The HKMA has announced the commencement of its e-HKD Pilot Programme involving 16 firms across the financial, payment and technology sectors to examine different use cases and design issues.
SFC Circular on Implementing New Licensing Regime for Virtual Asset Trading Platform Operators
The SFC has issued a Circular on the implementation of its new AMLO licensing regime for centralised virtual asset trading platform operators which took effect on 1 June 2023