Hong Kong tightens oversight of OTC crypto services! 🚀

- Hong Kong plans to involve the local securities regulator in licensing over-the-counter crypto trading services.

- Joint oversight by the Securities and Futures Commission (SFC) and the Customs and Exchange Department (C&ED) will help fill regulatory gaps.

- The new licensing regime is being discussed with industry participants and may change.

💬 Share your thoughts in the comments!