Hong Kong SFC Issues Cryptocurrency Circulars


On November 1, the Hong Kong Securities and Futures Commission issued two circulars on investing in virtual / crypto currencies and trading platforms, as reported by the South China Morning Post. After a 2017 ban in the mainland, this rule puts cryptocurrencies and trading platforms under Hong Kong regulatory authorities and allows professional investors (but not retail) to trade bitcoin via funds that invest in and platforms that trade virtual currencies. 

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