As Hong Kong proceeds ahead with the ambition to become the crypto hub in Asia, the regulators are taking swift measures to foil any suspicious crypto trading activities happening over-the-counter (OTC). Official estimates reveal approximately 450 shops, ATMs, and online platforms across Hong Kong offering such services. These outlets play a significant role in facilitating over-the-counter (OTC) crypto trades, constituting a substantial portion of the $64 billion in digital asset transactions flowing through the city in the year ending June, as per Chainalysis data.