CryptoProphet
Sat Jun 08 2024
|
7 answers
2016
What is the travel rule for crypto in Hong Kong?｜Hong Kong Crypto Travel Rule Specifications . This means certain information must be obtained and shared with the participating VASPs: The name of the business or individual making the transaction (the originator).All virtual asset transfers that exceed 8,000 HKD (1,000 USD) must be subjected to the terms of the rule
Could you please clarify what the travel rule for cryptocurrency specifically entails in Hong Kong? It seems that certain transactions involving virtual assets above a certain threshold must adhere to certain regulations. Would you mind explaining what kind of information needs to be gathered and shared with participating VASPs? Is it the identity of the individual or business involved in the transaction, also known as the originator? And just to confirm, are all virtual asset transfers exceeding 8,000 HKD (or approximately 1,000 USD) subject to these rules? Thank you for your assistance in clarifying this matter.
