Transactions of virtual assets such as cryptocurrency have become a recent trend, attracting the attention of many financial and regulatory institutions. Lately, Asia’s first crypto asset ETFs were listed on the HKEX. Also, LegCo has passed an amendment relating to the laws of anti-money laundering and counter terrorist financing, establishing a licensing system for service providers of virtual asset exchange businesses that will come into effect in June this year. It is expected that virtual assets will become an important part of financial technology development in Hong Kong.
To help people in the industry have a better grasp of the current situation and laws of virtual assets in Hong Kong, CWK Global sponsored the seminar on the development of virtual assets and anti-money laundering organized by the Association of Chinese Internal Auditors recently. Professionals from the fields of accounting and virtual assets, Mr. Johnny Ho, a vice chairman of International Financial Crime Prevention), and Mr. Rico Leung, a specialist of Blockchain & crypto industry, have shared their views regarding the ecosystem of virtual assets, the operation of cryptocurrency platforms, the newest laws, and the gathering of funds by terrorists through virtual assets. Through gaining relevant knowledge, participants would be able to prepare for the future development of financial technology in Hong Kong.