Wu Chi-wai announced the public consultation on OTC digital asset trading and custody, effective from June 27, 2025. This effort aims to develop regulations that enhance investor confidence and attract institutional interest, guided by the Financial Services and the Treasury Bureau.
Industry leaders, including Deng Chao, favor the stronger regulations to ensure legitimacy within the digital asset market. The HK$1.60 billion fraud incident in 2023 has driven this push, with the aim of preventing future occurrences in the digital asset space.
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