Hong Kong Rolls Out Plan for Crypto Fund, Exchange Regulation

Hong Kong’s Securities and Futures Commission (SFC) has published a cryptocurrency regulation framework that targets digital asset funds and trading platforms. The fund’s rules have already been adopted, while the exchange provisions will go through an exploratory stage before the SFC makes any decision whether to enact them or not, the Commission head Ashley Alder said during a speech at Hong Kong FinTech Week on Thursday.

The SFC’s legal status limits the regulator oversight only to securities and futures (SF) trading…

This article appeared first on Cryptovest

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