Jinse Finance reported that, according to Hong Kong media Wen Wei Po, half of the cryptocurrency exchange shops in Hong Kong do not require real-name registration. Reporters recently visited more than a dozen over-the-counter (OTC) cryptocurrency exchange shops in Hong Kong and found that USD is the most popular among various cryptocurrencies. Hong Kong has yet to regulate OTC, and about half of the exchange points allow cash to be exchanged for cryptocurrency without real-name registration, cutting off the fund tracking route. Law enforcement agencies will no longer be able to trace the destination of the funds, and these exchange shops currently do not need to submit transaction reports to law enforcement agencies. According to an employee of a store that participates in KYC authentication, personal information and customer photos need to be registered only when purchasing cryptocurrencies with HKD 120,000 or more in cash. "Our company does not want to be involved in illegal transactions. If we do not conduct KYC authentication, if someone downstairs robs the money and then comes up to buy cryptocurrency, we will be involved."

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