Sfc Cryptocurrency

November 3 2020 AtoZ Markets Hong Kongs Securities and Exchange Commission SFC has found that it requires regulation of all cryptocurrency Hong Kong exchanges operating within its jurisdiction. On 20 April 2020 Venture Smart Asia launched its cryptocurrency fund in Hong Kong that purchases holds and tracks the price of Bitcoin.

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Sfc cryptocurrency. First SFC Licensed Cryptocurrency Fund launched in Hong Kong. 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. These new types of financial products are steadily becoming available in overseas markets particularly the US where exchange giants CME Group and Cboe Global Markets have recently launched their respective versions.

A rrano Capital has launched the first cryptocurrency fund in Hong Kong approved by the Securities and Futures Commission SFC for distribution to professional investors. Following a statement on ICOs released on 5 September 2017 Note 1 the SFC has taken regulatory action against a number of cryptocurrency exchanges and issuers of ICOs. The SFC has not issued a full licence to any exchange but has agreed in principle to issue a licence to cryptocurrency firm OSL Digital Securities a unit.

Hong Kongs Securities and Futures Commission SFC has licensed the first crypto trading platform in Hong Kong. This is the first time a pure cryptocurrency fund is licensed to trade virtual assets in Hong Kong since the introduction of the. The Hong Kong government has plans under its legislative strategy to require all operating cryptocurrency exchanges within its jurisdiction to be licensed by the SFC.

The Securities and Futures Commission SFC has released a set of guidelines to pave. Hong Kongs Securities and Futures Commission SFC has warned financial services providers and investors of the risks associated with cryptocurrency futures contracts. SFC Issues Regulations for Licensed Crypto Exchanges.

Hong Kong will regulate all cryptocurrency trading platforms operating in the financial hub the citys markets watchdog said changing its previous opt in approach. Another warning regarding Binance was issued today this time Hong Kongs Securities and Futures Commission SFC cautioned against the cryptocurrency firm. The SFC also reminded intermediaries in a circular dated 1 June 2018 4 about the notification requirements under the Securities and Futures Licensing and RegistrationInformation Rules if they intend to provide trading and asset management services involving crypto-assets.

Hong Kongs financial regulator the SFC will now require all crypto exchanges operating in the city to be regulated. It has granted the first licence to. Cryptocurrency trading platforms in Hong Kong will soon be subjected to full legal scrutiny as the nations financial watchdog plans to release a new regulatory framework.

The fund is a tracker fund that only buys and holds Bitcoin targeting a first-year size of US100 million. So far the SFC hasnt issued any license to any cryptocurrency exchange. However it has agreed to issue a license to a Fidelity-backed cryptocurrency firm OSL Digital Securities.

The securities regulator announced Wednesday. The Hong Kong watchdog said it is aware that Binance has offered trading services in stock tokens Stock Tokens in a number of jurisdictions and is concerned that these services may also be offered to Hong Kong investors. The SFC issued a Position Paper.

Regulation of Virtual Asset Trading Platforms SFC Position Paper on 6 November 2019 setting out new regulations for licensing cryptocurrency exchanges with a strong emphasis on investor protection issues including custody of virtual assets anti-money laundering obligations and obligations on licensed. The SFC has undertaken a series of actions against those who may have breached its rules and regulations. In a bid to tighten up Hong Kongs cryptocurrency framework and stop trading platforms from operating away from the regulatory radar Hong Kong s Securities and Futures Commission SFC announced that it will require all cryptocurrency trading platforms to.

SFC Warns of Cryptocurrency Risks The SFC sent letters to seven cryptocurrency exchanges in Hong Kong notifying them that they should not trade cryptocurrencies which are securities as defined under the SFO unless they are licensed by the SFC. The Hong Kongs Securities and Futures Commission SFC announced that it plans to regulate all cryptocurrency exchanges in the country Reuters reported Tuesday. Ashley Alder chief executive officer of the Securities and Futures Commission SFC said during the 2020 Hong Kong FinTech Week that the requirement will apply to all platforms even if they do not trade security tokens according to.

SFC sets guidelines for granting licenses to crypto exchanges. Investor protection and preventing money laundering are particular concerns. The plans further outline that the services should only be offered to professional investors and not the general public as has been the case with Binances stock token trading.