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The Hong Kong government has issued its widely anticipated consultation conclusions on a new framework to regulate virtual asset exchanges. On 21 May 2021, the Hong Kong Financial...
Regulators propose new regulations for virtual asset exchanges and enhanced customer identity verification requirements, and launch an innovative commercial data interchange. This blog post summarises key regulatory developments in Hong Kong and Singapore during November 2020, including: — The Hong Kong FSTB’s consultation proposing a new regulatory framework for virtual asset exchanges — The HKMA’s new commercial data interchange initiative — The MAS’ consultation proposing requirements to strengthen financial institutions’ non-face-to-face identity verification process of indi...