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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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August 11 – 20, 2025
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Hong Kong plans to expand AML regulations, and virtual asset service providers may be included.
Recent news shows that the Hong Kong Special Administrative Region government is considering expanding the coverage of its AML and counter-terrorism financing regulatory framework. The Financial Secretary proposed in the recently released "Financial Budget" that virtual asset service providers, as well as the jewelry, jade, and precious metals industries, be included in the regulatory scope. The government intends to conduct public consultations on these specific proposals within this year.
This initiative is an important step taken by Hong Kong to further improve its financial regulatory system. The Financial Secretary emphasized that Hong Kong has successfully passed the comprehensive assessment of the Financial Action Task Force (FATF), becoming the first recognized member region in the Asia-Pacific. The government will refer to the recommendations in the assessment report to continue optimizing relevant systems.
At the same time, the Hong Kong authorities stated that they will continue to implement the latest international banking regulatory standards established by the Basel Committee on Banking Supervision to maintain the stability of Hong Kong's financial system. These measures highlight Hong Kong's determination to adapt to global financial regulatory trends and maintain its position as an international financial center.