Hong Kong steps up regulation and brings crypto-funds under SFC

Hong Kong steps up regulation and brings crypto-funds under SFC
ôîòî ïîêàçàíî ñ : thenextweb.com

2018-11-1 17:17

Hong Kong is pulling rank and is paying increasingly close attention to cryptocurrency funds. In a statement published earlier today, the Securities and Futures Commission (SFC) stated it would be putting cryptocurrency funds under its watchful eye.

The SFC is the Hong Kong equivalent to the US’ Securities and Exchange Commission (SEC). The move to regulate and watch cryptocurrencies is supposed to increase protection for investors. It means that any investment funds based in Hong Kong (that deal specifically in “virtual assets”) will have to be licensed and registered with the SFC. The SFC defines “virtual assets” as pretty much…

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

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

2018-6-27 20:31