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...