OKX launches OTC derivatives trading to reduce counterparty risk

Learn more about Whales Market, the points over-the-counter trading market

What if we could build a trustless third party that facilitates secure transactions between both parties, provides security, and prevents fraudulent activity? This is exactly what Whales Market aims to achieve.

Determination of "subjective knowledge" and defense ideas for OTC merchants suspected of concealing crimes

OTC OTC trading in the currency circle simply means paying money (legal currency) with one hand and currency (virtual currency) with the other hand. Our country does not prohibit transactions between individuals.

OTC knowledge encyclopedia How to buy U safely and smoothly on the exchange

Never participate in any illegal and criminal activities such as fund laundering, telecommunications fraud, and online gambling, otherwise your assets will not be safe.

OTC dream? Hong Kong drafts new rules to curb crypto OTC exchanges

If you observe carefully, you can find that there are many crypto exchange shops scattered on the streets of Hong Kong.

How to conduct Hong Kong’s virtual currency OTC business in compliance with regulations?

On February 2, 2024, Hong Kong Secretary for Financial Services and the Treasury Hui Ching-yu said that the government believes that it is necessary to bring virtual currency over-the-counter exchanges (OTC) into supervision.

The current criminal risks faced by the OTC business in the currency circle

Among the typical cases recently jointly issued by the Supreme People's Procuratorate and the State Administration of Foreign Exchange to punish foreign exchange-related crimes, there are two cases involving OTC business in the currency circle. Below, the author will analyze the legal risks existing in the OTC business of the currency circle based on cases.

Will going to Hong Kong to do OTC business still violate the legal high voltage line in China?

If mainlanders go to Hong Kong to conduct exchange business between USDT and Hong Kong dollars or US dollars, will it constitute an illegal crime within the country, especially the "illegal foreign exchange purchase and sale" included in the crime of illegal business operations?

Don’t scare virtual currency OTC merchants

In recent days, there has been a lot of news circulating on the Internet about the illegal financial activities of buying and selling virtual currencies, making friends in the currency circle panic.

Are domestic OTC operations illegal?

Regarding the behavior of OTC merchants making money from the price difference by buying and selling the stable currency USDT, can these currency exchanges be charged with an "illegal business crime"?

FTX Bankruptcy Claims Sell for 20 Cents on the Dollar in Private OTC Markets