Exclusive: Some Hong Kong Crypto Assets OTC offline stores temporarily closed due to concerns about violating regulatory requirements.

Techub News exclusive report, according to on-site investigations by reporters, on the first day of the implementation of the stablecoin regulations in Hong Kong, some cryptocurrency OTC offline stores, including One Satoshi, temporarily closed due to concerns about violating regulatory requirements. However, some OTC offline stores chose to continue operating.

According to interviews with reporters, some shopkeepers who chose to continue operating believe that the stablecoin regulatory regulations officially implemented today are more aimed at issuers of Hong Kong dollar stablecoins issued in Hong Kong, requiring issuers to obtain licenses, but do not affect non-Hong Kong legal tender (such as the US dollar) issued abroad. Therefore, OTC activities of USDT are not within the scope of the regulations.

In addition, some OTC offline store operators interviewed also stated that they are continuously monitoring the regulatory provisions related to OTC, and they will actively comply with legal regulations if relevant legislation is implemented.