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Hong Kong Lawmaker Johnny Ng to Introduce Crypto Custody and OTC Rules

Ng aims to position Hong Kong as a link between Western finance and mainland Chinese innovation, with new regulations expected later this year.

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Terms & Concepts
  • Custody: The secure storage and management of digital assets on behalf of clients by licensed entities.
  • OTC Crypto Trading: Over-the-counter cryptocurrency transactions conducted directly between parties, typically outside public exchanges.
  • Consensus Conference: A major blockchain and cryptocurrency industry event organized by media platform CoinDesk.