The post Hong Kong Customs Urged to Regulate OTC Cryptocurrency Shops! appeared first on Coinpedia Fintech News
Hong Kong customs must address the risks of money laundering posed by over-the-counter (OTC) cryptocurrency shops after the JPEX virtual asset platform scandal, said Louise Ho Pui-shan, commissioner of customs and excise. The commissioner noted that the shops, unlike their regular counterparts, aren’t subject to any licensing or regulatory regime, leading to gaps in regulation. …
