🚀 Hong Kong's Crypto Scene Heats Up! 🔥

Hong Kong's Securities and Futures Commission (SFC) is shaking things up! They're considering a new licensing regime for cryptocurrency over-the-counter (OTC) services. 🏦

- The SFC is teaming up with the Customs and Excise Department (C&ED) to supervise these services.

- This move aims to enhance oversight and ensure safe trading environments.

Meanwhile, the SFC has also published an 'alert list' of suspicious or unlicensed crypto platforms targeting Hong Kong investors.

Hong Kong is on a mission to become a global crypto hub, and the new regulations are a step in that direction. 🚀

What do you think about these changes? Drop your thoughts in the comments! 💬