TechFlow news, Hong Kong's top financial official said that given rising risks, the local government will soon issue a consultation on the proposed regulatory framework for over-the-counter cryptocurrency trading platforms.
"In fact, OTC venues played a role in some fraud cases last year involving unlicensed VA trading platforms, misleading investors into channeling funds to these unlicensed platforms. Therefore, we believe it is necessary to regulate OTC venues, and we will soon launch a consultation on the proposed regulatory framework."




