FSTB proposes licensing regime for operators of OTC virtual asset trading
Authors:
Carl Fernandes, Kishore Bhindi, Chong Liew, I-Ping Soong
FSTB proposes licensing regime for operators of OTC virtual asset trading
In the latest development to strengthen Hong Kong’s regulation of the virtual assets ecosystem, the FSTB has issued a consultation on proposals to regulate OTC virtual assets trading. The intention is to bring OTC venues such as physical shops, virtual asset ATMs and online platforms into the regulatory fold, but the regulator will not be the SFC.
Read our summary to see what the FSTB has proposed.
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