Charltons Crypto Regulation in Hong Kong Webinar 1 | 8 January 2021

Charltons' Webinar 1 focusses on key #crypto terminology, crypto developments and trends and different regulatory approaches, before turning to a discussion of virtual asset #regulation, in particular FATF Standards and revised recommendations (which apply to Hong Kong) as an example of international standard setting in the crypto sphere.

Timecodes:
00:00 Start Webinar
01:07 Regulatory approaches
04:38 BTC Price/Market Cap 2020 YTD
06:21 Cryptocurrencies
07:26 Consumer Crypto Use
08:42 Institutional Interest
10:14 Institutional Holdings: Gold vs. BTC
11:42 Interest of traditional financial players
12:48 DeFi
14:09 Stablecoins
16:48 Facebook's Libra
18:01 CBDC's
19:51 Risks associated with crypto
23:41 Benefits of Crypto
25:44 FATF standards on AML/CFT
26:30 Implementation of FATF recommendations - June 2020
28:20 Virtual Asset Service Providers
30:01 INR.15
33:45 Application of FATF guidance
35:00 The "Travel Rule"
35:37 Compliance with the travel rule and challenges
37:11 FATF members and FSRBs wich have introduced and prohibited VASPs
38:15 EU AML directives
41:09 Implementation in other jurisdictions
42:35 Trends in use of virtual assets for ML/TF purposes
43:48 Risk landscape
46:14 Stablecoins - increased ML/TF risks
50:22 Application of FATF recommendations to stablecoins
51:28 Residual risks identified by FATF

The further six webinars of one hour each, are as follows:
Webinar II: 5 - 6 pm, 15 Jan 2021
Webinar III: 5 - 6 pm, 22 Jan 2021
Webinar IV: 5 - 6 pm, 29 Jan 2021
Webinar V: 5 - 6 pm, 05 Feb 2021
Webinar VI: 5 - 6 pm, 19 Feb 2021
Webinar VII: 5 - 6 pm, 26 Feb 2021
All times are Hong Kong time

Webinar II will consider the progress that has been made in implementing FATF’s revised recommendations (including Hong Kong’s progress) and the implementation of other AML/CFT obligations. Webinar II and Webinar III will then turn to Hong Kong’s domestic regulation of cryptocurrencies and related activities, laying out the regulatory scope of Hong Kong’s SFC and guiding participants through various Hong Kong SFC statements and Hong Kong regulatory frameworks that comprise the various applicable regulations in Hong Kong.

Webinar IV will then consider the future of cryptocurrency regulation in Hong Kong and what path may be taken.

Webinars V, VI and VII will then open up to a comparative analysis of cryptocurrency regulation in a range of jurisdictions around the world, including Mainland China, Japan, Australia, US, UK, Malta and Gibraltar drawing comparison to the laws and regulations in Hong Kong and the differences and similarities.

Webinar VII will finally conclude with a discussion and analysis of recent developments in cryptocurrency and cryptocurrency regulation as they pertain to Hong Kong.

#Charltons Law Firm:

Julia Charlton: