Browsing: crypto trading

In a bid to tighten oversight on digital asset transactions, Hong Kong authorities are set to extend regulatory measures to cover over-the-counter (OTC) crypto trading, aligning it with rules governing retail digital asset trading. The move, outlined in the “Public Consultation on Legislative Proposals to Regulate Over-the-Counter Trading of Virtual Assets,” published on February 8, signals a significant shift in the regulatory landscape. Stakeholders have until April 12 to weigh in on the proposed changes. Key among the proposals is the inclusion of OTC trades within the purview of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), slated to take…

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