Hong Kong and Abu Dhabi Change Crypto Regulations to Align With FATF

Cointelegraph

Published Feb 27, 2020 05:04AM ET

Updated Feb 27, 2020 06:42AM ET

Hong Kong and Abu Dhabi Change Crypto Regulations to Align With FATF

On Feb. 26, Hong Kong’s financial secretary Paul Chan stated that his administration will strengthen its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) policies regarding cryptocurrencies.

In his recent budget speech, Chan indicated that the amendments will address recommendations made by global financial watchdog, the Financial Action Task Force (FATF).

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