Learn more

Hong Kong’s Securities and Futures Commission (SFC) has sought opinions from industry participants on whether to introduce a new licensing regime for cryptocurrency over-the-counter (OTC) services. The new regime would see SFC, the securities and futures markets regulator, working with the Customs and Excise Department (C&ED) to supervise the companies offering crypto OTC trading services. According to a South China Morning Post report, the planned regulations and licensing for OTC services were initially to be handled exclusively by the C&ED under a proposal made public in February. OTC tradi…

cuu