HK Public Consultation to Introduce Licencing Regime for VA OTC
08 February 2024
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HK Public Consultation to Introduce Licencing Regime for VA OTC
The Hong Kong Government has launched a public consultation on legislative proposals to introduce a licensing regime for providers of over-the-counter (OTC) trading services of virtual assets (VA).
As fraud cases have shown the involvement of VA OTC operators, the need to regulate OTC services under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) (AMLO).
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