Day: 8 February 2024

Hong Kong Government Initiates Public Consultation on Stricter Regulations for OTC Crypto Trades

Hong Kong’s government has released a public consultation document over proposed regulations that will tighten restrictions on over-the-counter (OTC) cryptocurrency trades. The proposed regulations align with the nation's Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), which has been in effect since June 2023. OTC trades involve direct transactions between buyers ...

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