Tag "Securities and Futures Commission (SFC)"

Hong Kong’s Game Plan to Win Back Role as Digital Asset Hub

Hong Kong’s digital asset industry has been dealt a blow in recent years, with the city losing its luster as a global hub for digital assets.  As the global landscape of digital assets evolves, Hong Kong is taking steps to

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Hong Kong to Consider Virtual Asset Property Rights, Establish VASP Regulations

Hong Kong’s Financial Services and Treasury Bureau published a policy statement on the development of virtual assets in conjunction with the start of Hong Kong Fintech Week (HKFTW) 2022. The statement recognised the potential of virtual assets and affirmed the

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HashKey Capital Limited Gets SFC Approval to Manage 100% Virtual Asset Portfolio

HashKey Group’s crypto fund HashKey Capital Limited has been granted an uplift of its Type 9 asset management license by the Securities and Futures Commission (SFC) of Hong Kong to manage funds exclusively investing in virtual assets. With this, the

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SFC Cautions Hong Kongers Looking To Invest in NFTs

The Securities and Futures Commission (SFC) of Hong Kong cautions investors of the risks associated with investing in non-fungible tokens (NFTs), which have increased in popularity in recent years. According to a statement by the SFC, NFTs are exposed to

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OSL Receives Green Light From Hong Kong Regulator for Crypto Trading Platform

OSL, a digital asset platform and member of BC Technology Group, has received the license from Hong Kong’s Securities and Futures Commission (SFC) to operate regulated brokerage and automated trading services for digital assets following a rigorous vetting process. They

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Hong Kong Gets Its First Equity Crowdfunding Platform, Well Kinda

Earlier this week, South Morning China Post reported that Hong Kong’s Securities and Futures Commission has issued its first equity crowdfunding license to AngelHub. As someone who is actively keeping track of the scene, I received this news with much

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HK$500K Fine or 5 Years Prison Time for Fradulent Crypto-Trading, Said HK Regulator

James Lau, Secretary for Financial Services and the Treasury Bureau (FSTB) in a letter to the President said that misleading cryptocurrency activity is subject to a HK$500,000 fine or five years prison time. The following actions by virtual currency traders are

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SFC and Swiss FINMA sign Fintech Cooperation Agreement

The Securities and Futures Commission (SFC) entered into an agreement with the Swiss Financial Market Supervisory Authority (FINMA) to establish a framework for cooperation on financial technology (Fintech) (Note 1). Under the agreement, the SFC and FINMA will cooperate to

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Hong Kong SFC Warns of Cryptocurrency Risks

The Securities and Futures Commission (SFC) once again alerts investors to the potential risks of dealing with cryptocurrency exchanges and investing in initial coin offerings (ICOs). Following a statement on ICOs released on 5 September 2017 , the SFC has

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Launch of the SFC Regulatory Hong Kong Fintech Sandbox

The Securities and Futures Commission (SFC) today issued a circular announcing the launch of the SFC Regulatory Sandbox to provide a confined regulatory environment for qualified firms to conduct regulated activities utilising financial technologies (Fintech). The sandbox aims to enable qualified firms,

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