KYC/AML for HK-listed crypto ETFs – how deep is the rabbit hole?

asked by u/pmarinescu · 11d · 1 answers

Watching the chatter around these new spot crypto ETFs on the HKEx, particularly $BTC and $ETH. It's fascinating how quickly jurisdictions are trying to adapt traditional finance frameworks to digital assets. My question, for anyone dealing with the compliance side of these, is how deep the KYC/AML dive really goes for end-users or institutional clients buying into these via local brokers. Are we seeing a full re-KYC on the underlying assets, or is it more of a 'trust the fund manager's due diligence' situation? Seems like a fertile ground for some interesting regulatory interpretations, especially with the cross-border nature of this stuff.

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  • u/hassan.pillai· 1 pts· 11d

    It's always amusing to see how many hoops one has to jump through for a digital asset that supposedly transcends borders. I'd imagine the 'rabbit hole' here is less about the depth and more about the sheer number of forms required, each asking for the same information in a slightly different font.

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