OTC dream? Hong Kong drafts new rules to curb crypto OTC exchanges
If you observe carefully, you can find that there are many crypto exchange shops scattered on the streets of Hong Kong.
JinseFinanceIf you observe carefully, you can find that there are many crypto exchange shops scattered on the streets of Hong Kong.
JinseFinanceHong Kong introduces strict regulations for OTC crypto trading to combat illicit activities. New measures include licensing framework and promotion of regulated exchanges, sparking industry feedback and concerns over compliance costs.
Xu LinOn February 2, 2024, Hong Kong Secretary for Financial Services and the Treasury Hui Ching-yu said that the government believes that it is necessary to bring virtual currency over-the-counter exchanges (OTC) into supervision.
JinseFinanceHong Kong, virtual currency, this article explains how Hong Kong’s virtual currency OTC business is conducted in compliance with regulations? Golden Finance, virtual currency OTC will usher in an era of compliance in Hong Kong.
JinseFinanceOn February 8, 2024, the Hong Kong government launched a public consultation on the legislative proposal to establish a licensing system for virtual asset over-the-counter trading service (OTC) providers.
JinseFinanceIf mainlanders go to Hong Kong to conduct exchange business between USDT and Hong Kong dollars or US dollars, will it constitute an illegal crime within the country, especially the "illegal foreign exchange purchase and sale" included in the crime of illegal business operations?
JinseFinanceFinancial technology solution providers suggest that future collaborations between banks and tokenised platforms may further fuel the development of the virtual asset industry.
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