Charltons Hong Kong Crypto Regulation Webinars Series 2022 | Webinar 3 | 7 October 2022

The webinar concludes the discussion of Hong Kong’s domestic regulation of cryptocurrencies and related activities. It covers the regulatory status of different types of virtual assets, the SFC’s existing framework for licensing crypto exchanges under the Securities and Futures Ordinance, the new VASP licensing regime to be introduced under amendments to the anti-money laundering legislation and the HKMA’s proposals for regulating certain types of stablecoins.

#cryptoregulation #stablecoins #cryptohongkong

Timecodes:
00:00 Julia Charlton's welcome speech
01:07 REGULATORY STATUS OF VIRTUAL ASSETS
03:19 REGULATORY CONSEQUENCES OF VIRTUAL ASSETS BEING SECURITIES
06:37 SFC STATEMENT ON SECURITY TOKEN OFFERINGS – 28 MARCH 2019
08:25 CONDUCT REQUIREMENTS FOR LICENSED INTERMEDIARIES
11:52 NON-FUNGIBLE TOKEN (NFT) REGULATION
13:30 SFC REGULATION OF CRYPTO EXCHANGES
16:19 LICENSING CONDITIONS FOR OPERATORS OF VIRTUAL ASSET TRADING PLATFORMS
17:17 STANDARD TERMS AND CONDITIONS FOR VIRTUAL ASSET TRADING PLATFORM OPERATORS
25:29 SFC LICENSED VIRTUAL ASSET TRADING PLATFORM OPERATORS
28:15 NEW LICENSING REGIME FOR VIRTUAL ASSET EXCHANGES UNDER THE ANTI-MONEY
LAUNDERING AND COUNTER-TERRORIST FINANCING ORDINANCE (AMLO)
30:12 VASP LICENSING REQUIREMENT
30:57 OPERATING A VA EXCHANGE
32:17 VIRTUAL ASSETS DEFINITION
34:45 TRANSITIONAL ARRANGEMENTS FOR EXISTING VA EXCHANGES
36:59 VASP LICENSING REQUIREMENTS
40:15 OBLIGATIONS OF LICENSED VASPs
45:26 SFC POWERS RE. LICENSED VA EXCHANGES
47:00 IMPLEMENTATION OF FATF TRAVEL RULE REQUIREMENT
48:25 HKMA PROPOSALS FOR REGULATION OF PAYMENT-RELATED STABLECOINS
51:22 PROPOSED REGULATORY SCOPE
52:58 PROPOSED REGULATED ACTIVITIES RELATING TO STABLECOINS
54:07 PROPOSED REGULATORY REQUIREMENTS FOR ENTITIES CONDUCTING STABLECOIN-RELATED ACTIVITIES
57:37 LICENSING REQUIREMENT
58:23 REGIME IMPLEMENTATION

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