Hong Kong is taking significant steps in the regulation of its cryptocurrency market. The authorities have initiated a public consultation on legislative proposals to establish a licensing regime for over-the-counter (OTC) virtual asset (VA) trading service providers. This move is aimed at implementing universal anti-money laundering (AML) requirements for OTC crypto traders. In related developments, OSL, one of the two licensed crypto exchanges in Hong Kong, has completed the first tokenized warrant transaction in partnership with UBS. Meanwhile, the Hong Kong Securities and Futures Commission (SFC) has issued a warning about an alleged scam involving the crypto exchange MEXC, cautioning investors against fraudulent links from entities impersonating MEXC.
📣 Latest News: Hong Kong SFC issues warning over imposter crypto exchange posing as MEXC #news #cryptonews #crypto
The Hong Kong SFC has warned investors to be aware of clicking on fraudulent links from entities pretending to be MEXC. https://t.co/ccp7paKZfd
Hong Kong's Securities and Futures Commission (SFC) has warned of an alleged scam involving crypto exchange MEXC https://t.co/5RD8BtC0Vg
One of Hong Kong's two licensed crypto exchanges, OSL, finalizes the first tokenized warrant transaction with UBS https://t.co/psNMreRQBc
ICYMI: Hong Kong launches consultation on regulatory proposals for OTC virtual asset trading https://t.co/jbLyW6W1HT
Hong Kong authorities have launched a public consultation on legislative proposals to introduce a licensing regime for providers of over-the-counter (OTC) virtual asset (VA) trading services https://t.co/S5wgKVs2vd
Hong Kong launches consultation on regulatory proposals for OTC virtual asset trading https://t.co/2Zzu6QqxyR
📣 Latest News: Hong Kong plans universal AML requirements for OTC crypto traders #news #cryptonews #crypto