Synertone to establish JV for operating virtual asset trading platform in Hong Kong
Synertone has entered into binding documentation to establish a joint venture for the operation of a virtual asset trading platform (VATP) in Hong Kong.
Synertone has entered into binding documentation to establish a joint venture for the operation of a virtual asset trading platform (VATP) in Hong Kong.
Hong Kong’s SFC today launched a consultation on the proposed requirements for operators of virtual asset trading platforms.
As at the middle of May 2022, 80% of the complete applications have been assessed by the Central Bank of Ireland.
Hong Kong’s SFC has thus far accepted only four license applications from virtual asset trading platforms.
All member countries are encouraged to establish clear regulatory frameworks and processes to support AML/CFT supervision of Virtual Asset Service Providers.