What are the legal regulations for cryptocurrency trading in Hong Kong limited companies?

3 answers

• nasim AnsariMay 01, 2022 · 4 years ago
  Cryptocurrency trading in Hong Kong limited companies is subject to certain legal regulations. Companies engaging in such activities must comply with the guidelines set by the Securities and Futures Commission (SFC). The SFC requires companies to obtain a license to operate as a virtual asset trading platform. Additionally, companies must adhere to anti-money laundering (AML) and know-your-customer (KYC) requirements to prevent illicit activities. It is essential for companies to stay updated with the latest regulations and ensure compliance to avoid any legal issues.
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• k1oudNov 18, 2020 · 5 years ago
  When it comes to cryptocurrency trading in Hong Kong limited companies, there are specific legal regulations that need to be followed. The Securities and Futures Commission (SFC) oversees the industry and requires companies to obtain a license to operate as a virtual asset trading platform. These licenses are granted to companies that meet certain criteria and demonstrate compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations. It's crucial for companies to understand and adhere to these regulations to ensure a smooth and legally compliant operation.
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• Kshitiz khanalDec 11, 2022 · 3 years ago
  Cryptocurrency trading in Hong Kong limited companies is regulated by the Securities and Futures Commission (SFC). To engage in such activities, companies must obtain a license from the SFC. This license ensures that companies comply with the necessary regulations, including anti-money laundering (AML) and know-your-customer (KYC) requirements. It's important for companies to maintain transparency and follow the guidelines set by the SFC to operate legally and build trust with their customers. At BYDFi, we prioritize compliance and work closely with regulatory bodies to ensure a secure trading environment.
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