📢 Cryptocurrency OTC regulations are on the agenda in Hong Kong! 🇭🇰 The Financial Affairs Committee of the Hong Kong Legislative Council will discuss the regulation of cryptocurrency trading platforms. 💼 The government and regulators stated that they will take appropriate measures according to market developments.
🔍 There are currently no official statistics of OTCs working with physical stores in Hong Kong, but it is estimated that there are more than 100 in the industry. According to the proposals, OTCs are expected to be issued by customs and transactions above HKD 8000 will require identity verification.#crypto#HongKong #regulation
🔍 There are currently no official statistics of OTCs working with physical stores in Hong Kong, but it is estimated that there are more than 100 in the industry. According to the proposals, OTCs are expected to be issued by customs and transactions above HKD 8000 will require identity verification.#crypto#HongKong #regulation