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Hong Kong virtual asset OTC transaction custody services are planned to be mainly supervised by the Securities Supervision Commission rather than the customs
Last year, when the Hong Kong Finance and Treasury Bureau consulted the public on virtual assets over the counter (OTC), it proposed that the Commissioner of Customs and Excise would issue licenses and the Customs would regulate the OTC services of virtual assets. Xu Zhengyu, the Secretary for Finance and Treasury of Hong Kong, explained that after proposing to hand over OTC to customs for regulation, some members of the Legislative Council raised different opinions, including concerns about reg...
2025-07-07 02:34:00
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