Crypto Dwell Information
Hong Kong customs should deal with the dangers of cash laundering posed by over-the-counter (OTC) cryptocurrency outlets after the JPEX digital asset platform scandal, mentioned Louise Ho Pui-shan, commissioner of customs and excise. The commissioner famous that the outlets, not like their common counterparts, aren’t topic to any licensing or regulatory regime, resulting in gaps in regulation. Regardless of being concerned in reviewing governance choices for the outlets with different authorities and “related regulatory businesses,” Ho stopped in need of committing to having her division take a number one function in regulating them.
