Tag Archives: VHTP

Information regarding Hong Kong Virtual Asset Trading Platform (VATP) licenses, application requirements, and compliance pathways.

When settling VA OTC transactions with stablecoins, how are the Hong Kong MSO, VATP, and AML/CFT checkpoints separated?
When settling VA OTC transactions with stablecoins, how are the Hong Kong MSO, VATP, and AML/CFT checkpoints separated?

When settling VA OTC transactions with stablecoins, three separate lines need to be established: Virtual asset buying and selling and transaction arrangements should be handled through the VA OTC/VA Dealing boundary; fiat currency exchange or remittances should be handled through MSO; and customer due diligence, wallet screening, transaction monitoring, and suspicious transaction reporting should be handled through AML/CFT. The fact that the settlement asset is a stablecoin should not lead to a conflation of trading services and funding services.

24
June
South Africa's FSCA has not yet restored the license of South African exchange Banxso
South Africa's FSCA has not yet restored the license of South African exchange Banxso

Aiying reported that the Financial Conduct Authority (FSCA) of South Africa announced that although the Westgap High Court has withdrawn the South African exchange Banx

12
June
Hong Kong to issue more cryptocurrency exchange licenses, strengthen AI policy in financial sector
Hong Kong to issue more cryptocurrency exchange licenses, strengthen AI policy in financial sector

Hong Kong’s Securities and Futures Commission plans to expand the scope of licensing for cryptocurrency exchanges and launch policy guidelines on artificial intelligence to strengthen financial innovation in key areas. Hong Kong Securities and Futures Commission

30
June
bitcoinworld's application for a Hong Kong virtual asset trading platform license has been rejected
bitcoinworld's application for a Hong Kong virtual asset trading platform license has been rejected

Aiying reported that according to the updated data on the official website of the Hong Kong Securities Regulatory Commission, bitcoinworld submitted a virtual asset transaction report to the Hong Kong Securities Regulatory Commission.

11
June
35 years of SFC | 11 virtual asset platforms that are deemed to have been licensed are expected to be licensed in batches before the end of the year
35 years of SFC | 11 virtual asset platforms that are deemed to have been licensed are expected to be licensed in batches before the end of the year

The Hong Kong Securities and Futures Commission celebrates its 35th anniversary this year and has four major strategic priorities while maintaining market fairness. SFC Chief Executive Officer Leung Fung-yee accepts the

07
June
Uruguay passes cryptocurrency bill
Uruguay passes cryptocurrency bill

The law proposed more than two years ago considers cryptocurrencies to be the nation’s virtual assets, establishing the Central Bank of Uruguay as the regulator and overseer of companies seeking to provide cryptocurrency services.

07
June
HKVAX becomes Hong Kong’s third licensed retail cryptocurrency exchange
HKVAX becomes Hong Kong’s third licensed retail cryptocurrency exchange

Hong Kong Exchanges and Clearing Limited (HKVAX) is the first exchange to be licensed under the territory's new licensing regime, with 16 more exchanges awaiting approval. fragrant

07
June
Kraken Launches Derivatives Trading in Bermuda with BMA License
Kraken Launches Derivatives Trading in Bermuda with BMA License

The cryptocurrency exchange is expanding its services in Bermuda as the U.S. Securities and Exchange Commission (SEC) pursues it on home soil. Cryptocurrency Exchanges

06
June
Argentina officially registers VASP and joins Binance global network
Argentina officially registers VASP and joins Binance global network

Binance has obtained VASP registration in Argentina, marking a key step towards compliance with the National Securities Commission. This achievement makes Argentina the first country to win Binance

02
June
"The first virtual asset business certification in a year" DSRV Bidax report accepted
"The first virtual asset business certification in a year" DSRV Bidax report accepted

The UK Financial Services Commission’s Financial Intelligence Unit (FIU) is accepting virtual asset business (VASP) reports for the first time in a year. The object of repair is the virtual asset infrastructure company

26
June
Spanish Crypto Exchange Bit2Me Obtains Virtual Asset Service Provider License in Argentina
Spanish Crypto Exchange Bit2Me Obtains Virtual Asset Service Provider License in Argentina

The registry was launched by Argentina’s National Securities Commission in March and has received 79 approvals so far. In March this year, CNV opened virtual assets

14
June
Swiss Cryptocurrency Bank Amina Plans to Apply for Austrian VASP License
Swiss Cryptocurrency Bank Amina Plans to Apply for Austrian VASP License

The CEO said the bank was close to breaking even but was currently prioritizing investments for growth over those for profitability. CEO of Swiss crypto bank Amina

10
June
Tiger Brokers Opens AVAX, LINK Trading to Retail Investors
Tiger Brokers Opens AVAX, LINK Trading to Retail Investors

Aiying reported that Tiger Brokers (Hong Kong) announced that it will open Avalanche (AVAX) and Chain to retail investors from now on.

04
June
HKDAX has submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission on August 8.
HKDAX has submitted an application for a virtual asset trading platform license to the Hong Kong Securities and Futures Commission on August 8.

Aiying reported that the Hong Kong Securities and Futures Commission’s official website updated the application information for the virtual asset trading platform license, which showed that HKDAX had been

31
June
Nigerian Securities and Exchange Commission denies issuing provisional cryptocurrency license
Nigerian Securities and Exchange Commission denies issuing provisional cryptocurrency license

Nigeria’s Securities and Exchange Commission (SEC) recently clarified that it has not issued any cryptocurrency licenses, contrary to some reports. Committee

21
June
Peru Releases Virtual Asset Service Provider (VASP) Regulations to Strengthen Anti-Money Laundering and Counter-Terrorist Financing Requirements
Peru Releases Virtual Asset Service Provider (VASP) Regulations to Strengthen Anti-Money Laundering and Counter-Terrorist Financing Requirements

Peru’s Financial Supervisory Authority (SBS) has issued new regulations requiring virtual asset service providers (VASPs) to implement Know Your Customer (KYC) and Anti-Money Laundering (AML)

11
June
Cryptocurrency exchange HKX decides to shut down Hong Kong operations, reminds users to withdraw assets as soon as possible
Cryptocurrency exchange HKX decides to shut down Hong Kong operations, reminds users to withdraw assets as soon as possible

Cryptocurrency exchange HKX has decided to shut down its operations in Hong Kong, joining a growing number of cryptocurrency exchanges that have withdrawn from the city’s Securities and Futures Commission (SFC).

23
June
HKX's application for a Hong Kong virtual asset trading platform license was withdrawn on July 7
HKX's application for a Hong Kong virtual asset trading platform license was withdrawn on July 7

According to the updated data on the official website of the Hong Kong Securities and Futures Commission on July 7, HKX’s application for a virtual asset trading platform license submitted to the Hong Kong Securities and Futures Commission was approved on July 18.

18
June
Trading 212’s cryptocurrency business receives CySEC license
Trading 212’s cryptocurrency business receives CySEC license

Trading 212 Crypto Ltd is a newly established subsidiary of London-based online broker Trading 212.

19
June
Zimbabwe regulator develops framework for virtual asset trading
Zimbabwe regulator develops framework for virtual asset trading

Aiying reported that the Securities and Exchange Commission of Zimbabwe (SECZ) and the Reserve Bank of Zimbabwe (RBZ) are developing a framework for virtual asset trading.

18
June

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