The Securities and Futures Commission (SFC) wants Hong Kong’s Virtual Asset Service Providers (VASPs) to adhere to the same compliance standards as traditional financial institutions. As a result, Hong Kong’s VASP standards are incredibly high. SFC Fintech Advisory Group reviews VASP in Hong Kong Lucy Gazmararian, founder of crypto venture firm Token Bay Capital and a member of the SFC Fintech Advisory Group, stated at The Hong Kong WOW Summit that although “the bar is set high,” they are in place for a “good reason.” The SFC looked at whether licensed VASP should serve retail investors and what standards should The post Crypto Rules In Hong Kong Require ‘good Reasons,’ Says Sfc Advisor appeared first on Cryptoknowmics-Crypto News and Media Platform .
