In June 2022, the Hong Kong SAR Government gazetted the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022, shaping the much anticipated licensing and regulatory regime for Virtual Asset Services Providers (VASPs) in Hong Kong. In this brief, KPMG outlines the regulatory agenda and highlights the impact on VASPs.
Virtual Asset Service Providers: Hong Kong formalises regime
In June 2022, the Hong Kong SAR Government gazetted the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022, shaping the much anticipated licensing and regulatory regime for Virtual Asset Services Providers (VASPs) in Hong Kong. In this brief, KPMG outlines the regulatory agenda and highlights the impact on VASPs.
