🔔 Hong Kong SFC seeks comments on new licensing regime for crypto OTC services! 💡

- SFC partners with C&ED to oversee OTC trading firms.

- The new regulation was originally proposed by C&ED in February.

- OTC services allow private crypto trading. Learn more on Cointelegraph!

📋 SFC is also discussing a licensing regime for crypto custody services. Things are still at an early stage.

🚨 SFC releases 'warning list' of suspicious virtual asset trading platforms, targeting Hong Kong investors.

🌐 Hong Kong wants to become a global crypto hub, attracting investors and businesses.

- From June 1, operating an unlicensed virtual asset trading platform is illegal.

- Currently, there are only two fully licensed platforms: Hash Blockchain and OSL Digital Securities.

💬 What do you think about these new rules? Comment below! ⬇️