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
Will Bitcoin Reach $105K? The Potential Impact of Liquidity Injections on Bullish Surge
Exploring the Potential Influence of Global Liquidity on Bitcoin's Ascension to a New High
Leverage-Driven Pump: How Bitcoin Long Traders Could Become Trapped
Unpacking the Perils and Potential of Leverage-Driven Bitcoin Pump for Long Traders
Despite Bitcoin’s Decline, Tom Lee Maintains BTC Will Still Be the Year’s Best Bet
Trending news
MoreCrypto prices
More
