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Hong Kong launches legislative consultation on digital asset trading regulation, OTC and custody services usher in a compliant era

RektRecovery
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Abstract generation in progress
【Crypto World】The Hong Kong SAR government has recently launched a legislative consultation on digital asset trading and custody services. The core objectives behind this move are threefold: first, to establish a clear compliance framework for over-the-counter (OTC) trading and custody services of crypto assets, providing legal clarity; second, to combat the emerging scams related to these services through regulation, safeguarding citizens' assets. This indicates that Hong Kong is taking another step forward in digital asset regulation, gradually moving from a policy gap to systematic management. For institutions and users operating in Hong Kong, this consultation period may mean that future compliance requirements will become more clearly defined.
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