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Hong Kong Requires Crypto Providers to Track Customer Trades
(3 hours ago) · 1 source · Summarized by CryptoBipto
Hong Kong has implemented new rules requiring cryptocurrency service providers to track and record customer trading activity. The regulation aims to strengthen oversight of the crypto industry in the territory. Providers operating in Hong Kong must now comply with these tracking and reporting requirements.
WHY IT MATTERS
When you buy or sell cryptocurrency through a service provider, that company now has to keep detailed records of your trades if it operates in Hong Kong.
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SOURCES
- cryptoslate.com
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