Hong Kong has announced a legislative consultation on cryptocurrency and fiat currency swaps, proposing a licensing regime for providers of over-the-counter (OTC) virtual asset trading services. The proposals include the need to apply for a license from the Commissioner of Customs, giving the Commissioner of Customs the power to supervise anti-money laundering, and providing transitional arrangements. The U.S. Treasury has cited rising cryptocurrency misuse in 2024 National Risk Assessments, with lawmakers pressing Treasury Secretary Janet Yellen regarding crypto oversight and how existing laws apply to crypto. Additionally, Yellen stated that the Treasury Department could use more authority to address the alleged use of crypto by terrorist groups. Meanwhile, crypto lobbying groups are advocating for the Bank of England and the Financial Conduct Authority to reconsider their ideas for regulating stablecoins.
📣 Latest News: Hong Kong SFC issues warning over imposter crypto exchange posing as MEXC #news #cryptonews #crypto
Crypto lobbying groups are arguing the @bankofengland and @TheFCA should rethink some of their ideas for regulating stablecoins. https://t.co/7QCC9rVC9Y
The Week In Crypto Policy 🧑⚖️ House Financial Services Committee members discussed FSOC's call for Congress to address regulatory gaps for stablecoins and non-security crypto assets. Explore this and more in our weekly Pro policy report 👇 https://t.co/FbFO8ucPIp
1/ Welcome to Friday! This week's highlights in crypto policy: MEPs in Strasbourg enact new instant payment regulations, feedback to the Bank of England, and Hong Kong launches a public consultation on overseeing over-the-counter trading of virtual assets. https://t.co/thTei3OojQ
Crypto lobbying groups are arguing the @bankofengland and @TheFCA should rethink some of their ideas for regulating stablecoins. @camomileshumba reports https://t.co/xs0qQmJhsF
US Treasury Cites Rising Cryptocurrency Misuse in 2024 National Risk Assessments #ustreasury #cryptocrime https://t.co/ura13rVb1p
ICYMI: Yellen says Treasury Department could use more authority to address alleged use of crypto by terrorist groups https://t.co/gi9xrYsNyZ
🚨NEW: House Financial Services subcommittee on Digital Assets will hold part 2 of its November 15 hearing on understanding #crypto’s role in crime and illicit finance next Thursday. https://t.co/vSmANDeMqM
Yellen says Treasury Department could use more authority to address alleged use of crypto by terrorist groups https://t.co/33XFVxoEgc
ICYMI: Hong Kong launches consultation on regulatory proposals for OTC virtual asset trading https://t.co/jbLyW6W1HT
U.S. lawmakers have pressed Treasury Secretary #JanetYellen regarding crypto oversight and how existing laws apply to #crypto. https://t.co/K4vkJGgZTl
Hong Kong authorities have launched a public consultation on legislative proposals to introduce a licensing regime for providers of over-the-counter (OTC) virtual asset (VA) trading services https://t.co/S5wgKVs2vd
Hong Kong launches consultation on regulatory proposals for OTC virtual asset trading https://t.co/2Zzu6QqxyR
Treasury’s recent rhetoric shift makes me think that stablecoin legislation is actually possible this time around. https://t.co/KJn1y8qcAb
📣 Latest News: Hong Kong plans universal AML requirements for OTC crypto traders #news #cryptonews #crypto
📣 Latest News: Crypto use in money laundering ‘far below' cash, says US Treasury #news #cryptonews #crypto #regulations
Hong Kong announced a legislative consultation on cryptocurrency and fiat currency swaps, including: the need to apply for a license from the Commissioner of Customs, giving the Commissioner of Customs the power to supervise anti-money laundering, and providing transitional…