TagSecurities and Futures Commission

Total Ban on Crypto Exchanges Unnecessary: Hong Kong Regulator

CoinFLEX, Bitcoin futures. Cryptocurrency Hong Kong

The outgoing chairman of Hong Kong’s securities regulator has – unlike China - ruled out a total ban on domestic cryptocurrency exchanges, suggesting formal regulations instead. Hong Kong’s Securities and Futures Commission (SFC) is drawing plans in reaction to the growing appetite for cryptocurrencies like bitcoin among retail investors and traders – by regulating the sector. Speaking to the...

‘Many ICOs are Dubious, Downright Frauds’, Says Hong Kong Regulator

Hong Kong, Thailand, Central bank digital currency

A senior official at Hong Kong’s securities regulator has, once again, reminded the public to be cautious of investments in initial coin offerings (ICOs). In a speech on new technologies on Friday, Hong Kong Securities and Futures Commission (SFC) deputy chief Julia Leung reiterated previous concerns of risks associated with initial coin offerings. “While we acknowledge that innovative...

Delisted: Hong Kong Cryptocurrency Exchanges, ICO Issuers Back Down on Regulator’s Orders

Hong Kong’s securities regulator is ramping up its scrutiny of domestic crypto exchanges by ordering them not to trade cryptocurrencies that are deemed as ‘securities’. Following a previous notice where Hong Kong’s Securities and Futures Commission announced that some digital tokens offered through initial coin offering (ICO) sales would be deemed as securities, the regulator has now moved to...

Hong Kong Regulator Warns Investors of Unregulated Bitcoin Futures

Hong Kong Bitcoin Futures

Hong Kong’s securities regulator has published a new circular centered on bitcoin futures contracts and cryptocurrency-related investment products. Published yesterday, the circular from Hong Kong’s Securities and Futures Commission (SFC) quickly reminded providers of bitcoin futures contracts and other crypto-investment products to comply with legal and regulatory requirements. The timing of the...

ICO Tokens “May Be Securities” & Subject to Laws, Says ‘Concerned’ Hong Kong Regulator

Hong Kong ICO

Hong Kong’s chief financial regulator has, in an official statement, announced that digital tokens offered in an initial coin offering (ICO) sale may be deemed as securities. In an official announcement by the Securities and Futures Commission of Hong Kong, the regulator said it had “noticed an increase in the use of initial coin offerings to raise funds in Hong Kong and elsewhere.” Adding to the...

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