Lawyer: Hong Kong's Web3 regulation enters a tightening cycle.



This video is sourced from the podcast interview of Hong Kong senior legal advisor Wu Wenqian by Colin Wu. Please do not転載 without permission; infringement will be investigated.
According to Lawyer Wu, the regulation of the cryptocurrency industry in Hong Kong has entered a tightening cycle. The approval difficulty for bank account opening, license applications, and other processes has significantly increased in the past six months. This change aligns with regulatory patterns—initial leniency attracted a large number of institutions to enter, followed by a necessary tightening due to risk prevention. If the FATF (Financial Action Task Force) really conducts an assessment of Hong Kong next year, it is expected that requirements for anti-money laundering, KYC, and reserve transparency will be further elevated, especially affecting the compliance thresholds in the stablecoin sector. The current conservative policy in Hong Kong is precisely to prepare in advance for this possible international review.

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