Hong Kong to Implement Universal AML Requirements for OTC Crypto Traders
The Hong Kong government is set to expand its Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) regulations to include over-the-counter (OTC) cryptocurrency transactions. The adjustment is aimed at aligning OTC digital asset trades with the regulatory standards applied to retail cryptocurrency exchanges. Extending AML Ccontrols to OTC cryptocurrency transactions Hong Kong authorities launched a “Public…