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Coin Edition 2024-02-27 09:56:00

Hong Kong’s New Crypto Policies Tackle Illicit OTC Crypto Trade

Hong Kong has reportedly initiated the implementation of stringent regulatory norms restricting over-the-counter (OTC) providers in an attempt to reduce illicit crypto trading activities. Chengyi Ong, APAC policy head at Chainalysis, commented that the regulatory framework would lead to “consolidation and a reduction” in malicious actors’ use of OTC platforms. According to Chainalysis data, around The post Hong Kong’s New Crypto Policies Tackle Illicit OTC Crypto Trade appeared first on Coin Edition .

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