According to Ming Pao, the Hong Kong Securities and Futures Commission and the Treasury Bureau have released a consultation document showing that whether it is small transactions such as virtual currency trading, withdrawals, and fiat currency exchange, or complex transactions such as brokerage activities and large transactions, they must apply for licenses from the Securities and Futures Commission, which is equivalent to bringing over-the-counter (OTC) trading platforms under regulation, and the requirements are much stricter than the requirements for OTC platforms to apply for licenses from customs during last year's consultation. Including a minimum paid up capital of 5 million yuan for trading service providers, 10 million yuan for custodians, and two responsible personnel approved by the China Securities Regulatory Commission. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=44720