Crackdown on Crypto Conversion Shops Coming to Hong Kong, According to Regulators: Report
Hong Kong’s financial regulators plan to crack down on over-the-counter (OTC) crypto trading activity in the city-state, according to a Bloomberg report. The report says that Hong Kong’s Financial Services and the Treasury Bureau earlier this month kicked off consultations focused on fighting fraudulent activity, terrorism financing and money laundering in the OTC crypto conversion...