Source: South China Morning PostCrypto-exchanges and start-ups welcomed Hong Kong’s move to introduce mandatory licensing for all virtual asset service providers and jail time for rogue players, saying that the proposal will likely deter non-compliant players and reduce competition.The city’s Financial Services and Treasury Bureau published its conclusion on legislative proposals last Friday to enhance the city’s anti-money-laundering (AML) and counterterrorist financing regulation, following a two-month consultation…Read More