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Coinpedia
2023-10-21 10:59:09

Hong Kong Customs Urged to Regulate OTC Cryptocurrency Shops!

The post Hong Kong Customs Urged to Regulate OTC Cryptocurrency Shops! appeared first on Coinpedia Fintech News Hong Kong customs must address the risks of money laundering posed by over-the-counter (OTC) cryptocurrency shops after the JPEX virtual asset platform scandal, said Louise Ho Pui-shan, commissioner of customs and excise. The commissioner noted that the shops, unlike their regular counterparts, aren’t subject to any licensing or regulatory regime, leading to gaps in regulation. …

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