On 1 June 2023, the new regulatory regime for virtual asset trading platform (“VATP“) operators will come into effect, whereby all operators of centralised VATPs carrying on business in Hong Kong or actively marketing their services to Hong Kong investors need to be licensed by the Securities and Futures Commission (the “SFC“) under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (the “New AMLO Regime“).  To prepare for this upcoming New AMLO Regime, the SFC consulted the public on its proposed regulatory requirements for VATP operators.

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