Hong Kong plans to amend the Virtual Asset OTC Operation Act to strengthen supervision
The Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui Ching-yu, stated that the JPEX incident reflects appropriate and robust regulation, which is crucial for the healthy development of the market. The authorities plan to revise the laws governing the operation of virtual asset over-the-counter (OTC) exchanges and formulate relevant regulatory arrangements, which will be subject to public consultation at a later stage.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Today's Fear and Greed Index fell slightly to 93, and the level is still extremely greedy
Breaking Down the Best: Why Qubetics, Ethereum, and Chainlink Are Leading November’s Crypto Scene
Court extends pretrial detention of Tornado Cash developer Pertsev