TagSFC

Hong Kong Reveals Regulatory Framework for Crypto Exchanges, Funds

Hong Kong Blockchain

The Hong Kong Securities and Futures Commission (SFC) released a statement today stipulating the regulatory standards that would define the trajectory of virtual assets portfolio managers and fund distributors, according to an announcement on its website. As per CCN's report, the regulator had proposed the framework in a research paper published in October 2018. The reforms became imperative...

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 and Dubai Financial Regulators Enter FinTech Pact

The Hong Kong Securities and Futures Commission (SFC) And the Dubai Financial Services Authority (DFSA) have entered a bilateral FinTech agreement toward the development and application of financial technologies. The Securities and Futures Commission, an independent statutory authority that regulates the securities and futures markets in Hong Kong, one of the world’s major financial hubs, is...

Australia and Hong Kong Regulators Ink FinTech Agreement

Japan UK FCA FSA Fintech Australia China ICO

The securities regulators of Hong Kong and Australia have signed a FinTech cooperation agreement with the mutual aim to aid and develop financial innovation in each other’s economies. With an announcement yesterday, the Hong Kong Securities and Futures Commission (SFC) and the Australian Securities and Investments Commission (ASIC) signed a ‘Co-operation Agreement’ that will see them establish...

UK & Hong Kong Watchdogs Ink FinTech Cooperation Pact

Hong Kong FCA FinTech

Hong Kong’s Securities and Futures Commission (SFC) has signed a cooperation agreement with the UK’s Financial Conduct Authority (FCA) to collaborate over FinTech innovation. Under the terms of the agreement, Hong Kong’s securities regulator and the United Kingdom financial regulator will share information on financial technologies to foster development and innovation. Notably, the two regulators...

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