Tag: Policies

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

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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