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. 

Category: 
Country / Block: 

Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. The law is subject to change and no representation or warranty is made with regard to accuracy or fitness for a particular purpose.