In recognizing the growing risks to retail investors and portfolio managers from un-regulated and potentially highly over leveraged crypto products, Hong Kong’s financial regulatory body Securities and Futures Commission (SFC) has outlined regulatory guidelines to curb and control risks. Key points from SFC’s new statement are as following (not an exhaustive list):
From the SFC statement:
“While virtual assets have not posed a material risk to financial stability, there is a broad consensus among securities regulators that they pose significant investor protection risks. The regulatory response to these risks varies in different jurisdictions, depending on the regulatory remit, the scale of the activities and their impact on investor interests and whether virtual assets are deemed financial products suitable for regulation.”
Stay tuned and don’t miss the future. The Future is Now!
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