SFC Sets Standards for Virtual Asset Portfolio Managers and Fund Distributors
The SFC sets out regulatory requirements in a Statement on Regulatory Framework for Virtual Assets Portfolios Managers, Fund Distributors and Trading Platform Operators (the Regulatory Framework Statement).
read moreSFC Opens Sandbox to Crypto Exchanges
The SFC’s “Statement on regulatory framework for virtual asset portfolio managers, fund distributors and trading platform operators” sets out its proposals for the potential regulation of crypto exchanges.
read moreSFC’s regulatory action halts one Hong Kong ICO
On 19 March 2018, the Securities and Futures Commission (SFC) issued a press release stating that Black Cell Technology Limited (Black Cell) halted its initial coin offering (ICO) to the Hong Kong public as a result of regulatory action by the SFC. The SFC considered...
read moreSFC Warns of Cryptocurrency Risks
The SFC sent letters to seven cryptocurrency exchanges in Hong Kong notifying them that they should not trade cryptocurrencies which are securities as defined under the SFO unless they are licensed by the SFC.
read moreRegulation of Cryptocurrency and blockchain tokens and initial coin offerings (ICOs)
A key issue surrounding cryptocurrencies is whether they are regarded as securities and thus subject to an extensive regulatory regime. On 5 September 2017, Hong Kong’s SFC issued a statement on ICOs.
read moreSFC Circular on Regulation of Bitcoin Futures and Cryptocurrency Investment Products and Related Risks
The Securities and Futures Commission (SFC) issued a Circular on 11 December 2017 stating that it regards Bitcoin futures contracts traded on U.S. futures and commodities exchanges (Bitcoin Futures) as “futures contracts” for the purposes of the Securities…
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