Hong Kong Considers Joint Regulation of OTC Virtual Asset Trading by SFC and C&ED

Hong Kong OTC virtual asset regulation: In a significant regulatory development, Hong Kong is contemplating a joint regulatory framework for over-the-counter (OTC) virtual asset trading services. According to a recent report by South China Morning Post (SCMP) dated September 12, 2024, the Securities and Futures Commission (SFC) and the Customs and Excise Department (C&ED) are