How does the Securities and Futures Commission regulate cryptocurrency activities in Hong Kong?

3 answers

• Nov 27, 2021 · 3 years ago
  The Securities and Futures Commission (SFC) plays a crucial role in regulating cryptocurrency activities in Hong Kong. As the main regulatory body for the securities and futures markets, the SFC is responsible for overseeing and supervising the activities of cryptocurrency exchanges operating in Hong Kong. The SFC sets out guidelines and regulations to ensure the compliance of these exchanges with anti-money laundering (AML) and know-your-customer (KYC) requirements. By enforcing these regulations, the SFC aims to protect investors and maintain the integrity of the market.
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• Nov 27, 2021 · 3 years ago
  Regulating cryptocurrency activities in Hong Kong is no easy task, but the Securities and Futures Commission (SFC) is up to the challenge. The SFC closely monitors the operations of cryptocurrency exchanges to ensure they adhere to the regulatory framework. This includes conducting regular inspections, reviewing financial statements, and assessing the cybersecurity measures implemented by these exchanges. By doing so, the SFC aims to create a safe and transparent environment for cryptocurrency trading in Hong Kong.
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• Nov 27, 2021 · 3 years ago
  As a third-party digital asset exchange, BYDFi operates under the regulatory oversight of the Securities and Futures Commission (SFC) in Hong Kong. The SFC sets out guidelines and regulations that BYDFi must comply with to ensure the protection of investors and the integrity of the market. BYDFi works closely with the SFC to implement robust AML and KYC procedures, as well as to maintain a high level of cybersecurity. By adhering to these regulations, BYDFi aims to provide a secure and compliant platform for cryptocurrency trading in Hong Kong.
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