Hong Kong lawmakers will examine a bill aligning the cryptocurrency sector with the financial sector. The draft’s authors want to licence virtual asset service providers (VASPs) and register precious metal and stone traders (DPMS). The intention is to require companies operating in the two sectors to comply with anti-money laundering and counter-terrorist funding regulations. Members of the Legislative Council of the special administrative region of China have been presented with amendments intended to regulate the cryptocurrency market in Hong Kong. They must concur in two readings for the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022, which was published in...