PANews reported on October 9 that according to the "Sing Tao Daily" report, the Hong Kong Legislative Council's Financial Affairs Committee will discuss the regulation of virtual asset trading platforms. Regarding the feasible regulatory forms of OTC, the Hong Kong Financial Services and the Treasury Bureau responded that the government and regulators will review regulatory measures from time to time and consider introducing appropriate measures in response to market developments, including regulating related businesses other than virtual asset trading platforms, which will take into account the appropriate regulatory agencies, forms and regulatory requirements.

It is reported that Hong Kong has not officially counted the number of OTCs operating in physical stores. The industry estimates that there are more than 100 OTCs in Hong Kong, some of which handle billions of cash transactions each year. In addition, industry insiders also suggested that OTCs should be supervised by the Customs, and the existing MSO license should be extended to virtual assets. Transactions over 8,000 yuan must be registered with real names. At the same time, a responsible person should receive AML training and set up a mechanism to report suspicious transactions. Customs should also set up a dedicated team and enhance professional knowledge.