Hong Kong is to subject crypto providers to the same anti-money laundering and counter-terrorist financing laws that it does traditional finance firms.
The territory's Legislative Council voted to add virtual asset service providers to the Anti-Money Laundering and Counter Terrorist Financing Ordinance as of June 1, 2023, according to a Dec. 5
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JamieCrawleyCD 👀
JamieCrawleyCD Well that's probably a start of finding a way to truly fit crypto into the system. I think there's a possibility that Bitcoin could get used in the Eurodollar market as collateral
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