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The organization sets and enforces regulations on different industries, investigates suspicious cases, and provides licenses. In addition, if they are an executive director of the Platform Operator, they need to be approved as a responsible officer According to the AMLO, a person without a license must not: Carry out the business of providing any VA service Declare themselves as a business providing VA services Additionally, a person who is not a licensed representative within the meaning of the Ordinance must not: Perform any regulated function in relation to the business of providing a VA service Declare themselves as an individual providing such regulated function The amended Ordinance also prohibits unlicensed persons from advertising VA services. What do crypto businesses need to know about staying compliant in Hong Kong in ?

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