Hong Kong is facing calls to regulate its growing virtual asset trading landscape, according to recent reports. Odaily Insights estimates that over 200 physical shops and ATMs offering over-the-counter (OTC) services for digital assets operate within the city. In addition, about 250 platforms provide digital asset trading services. Legislative Council member Duncan Chiu stresses the urgent need to bridge regulatory gaps in anti-money laundering efforts by implementing stricter controls on these OTC shops and ATMs. He also urges the Hong Kong government to expedite public consultations for licensing systems and advance legislative work on virtual asset OTC service providers, aiming to ensure responsible growth in this evolving market.