SFC Issues Regulations for Licensed Crypto Exchanges

SFC Issues Regulations for Licensed Crypto Exchanges

The SFC issued a Position Paper: Regulation of Virtual Asset Trading Platforms (SFC Position Paper) on 6 November 2019, setting out new regulations for licensing cryptocurrency exchanges with a strong emphasis on investor protection issues including custody of virtual...
SFC Opens Sandbox to Crypto Exchanges

SFC Opens Sandbox to Crypto Exchanges

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), issued its “Statement on regulatory framework for virtual asset portfolio managers, fund distributors and trading platform operators” on 1 November 2018 setting out its regulatory approach...
SFC’s regulatory action halts one Hong Kong ICO

SFC’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...
SFC Warns of Cryptocurrency Risks

SFC Warns of Cryptocurrency Risks

Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), issued a statement warning investors of cryptocurrency risks related to cryptocurrency exchange trading and buying into initial coin offerings (ICOs) on 9 February 2018. Cryptocurrency...