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The Elven Research - Deep Dive into Hong Kong SFO / AMLO license Report has been published and is available for use. This report provides critical and comprehensive information about the Hong Kong license for Virtual Asset Service Provider (VASP)
Hong Kong has stringent and transparent compliance regulations by the Securities and Futures Commission (SFC) in place for virtual asset trading platforms (VATP). The Securities and Futures Ordinance (Cap. 571) (SFO) and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) SFO / AMLO license is highly appropriate for VATP. Till date, there are a total of 2 licensed VATP with another 16 VATP applicants.
In terms of record keeping and compliance documents, the top 3 regulatory disclosure requirements for the SFO / AMLO license are monthly reconciliation of customer assets, monthly and semi-annual submissions to SFC and annual audit.
