Hong Kong considers new licensing regime for OTC crypto trading

Hong Kong’s SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants.

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.

Hong Kong’s SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants.
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.Read more