Regulation· ★★★★· bearish·

China says crypto anonymity is an illusion as Hong Kong and South Korea tighten rules

  • —China's MSS says blockchain records are public and immutable, calling crypto anonymity a misconception
  • —Hong Kong's SFC and AFRC signed an MoU on September 28, replacing the 2021 agreement
  • —The MoU covers information sharing, case referrals and coordinated inspections of licensed VASPs
  • —South Korea's FSC weighs a formal market-making system after JPYC jumped from 12 to 37.6 won on Upbit
Why it matters: Asia's largest regulators are tightening crypto oversight in tandem, pressuring anonymous services and regional exchanges.
Source: CoinGeek
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