The Financial Services and the Treasury Bureau (FSTB) has released a Consultation Paper on 8th February 2024, presenting its proposals to regulate over-the-counter (OTC) trading of virtual assets (VA) through a new licensing system for providers of VA OTC services. These regulations would fall under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap.615) (AMLO). The FSTB is actively seeking public input on these proposals and invites feedback from individuals and organizations. The deadline for submitting responses to the Consultation Paper is 12th April 2024.
