Hong Kong’s SFC seeks industry feedback on new licensing rules for crypto OTC services

Hong Kong’s Securities and Futures Commission (SFC) is actively seeking input from industry participants on proposed new licensing regulations for over-the-counter (OTC) cryptocurrency services. The initiative aims to establish a comprehensive framework that mandates licensing and adherence to anti-money laundering (AML) and anti-terrorist financing regulations. This move, which includes joint supervision by the SFC and (…)