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Hong Kong Regulator to Unveil New Cryptocurrency Exchange Rules

Published 11/06/2019, 02:38 AM
Updated 11/06/2019, 04:21 AM
Hong Kong Regulator to Unveil New Cryptocurrency Exchange Rules
BTC/USD
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Hong Kong’s financial regulator — the Securities and Futures Commission (SFC) — will publish a new set of regulations for Bitcoin (BTC) and cryptocurrency exchanges today. The news, reported by Reuters on Nov. 6, was announced by Chief Executive Ashley Alder at a local fintech event.

The new requirements will detail how exchanges much approach custody, compliance such as Know Your Customer and Anti-Money Laundering rules, among other issues.

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