Hong Kong Securities Controller Guarantees to Keep ‘Close Watch’ on Crypto Sector

Hong Kong Securities Controller Guarantees to Keep ‘Close Watch’ on Crypto Sector
фото показано с : bitcoints.com

2018-6-27 20:31

Hong Kong’s Securities and Futures Commission (SFC) says in their 2017-2018 annual report released today, June 27, that they will “keep a close watch” on crypto and Initial Coin Offerings (ICO).
The SFC notes that since new technologies “come with risks,” they will be looking closely at crypto and ICOs and “intervening when appropriate.” The report states that the SFC took regulatory action against crypto exchanges and ICO issuers in Hong Kong this year, and released two public warning to investors about the risk of investing in crypto.
The SFC issued another statement in February after taking action against crypto-related firms.
In March, the SFC halted Black Cell Technology’s ICO on the grounds that it constituted an unregistered security, with the company responsible for refunding investors in its token.
At the beginning of May, a Hong Kong government report said that virtual currencies like Bitcoin (BTC) are not particularly involved in either money laundering or terrorism financing.

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Источник: bitcoints.com

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