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Hong Kong Tightens Rules on Virtual Assets – Ignites Asia

The guidance follows a rising number of enquiries from intermediaries selling virtual assets defined as a digital representation of value

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Bitcoin has recovered some of its recent losses, buoyed by the US Federal Reserve's tough stance on inflation.
Crypto funds saw outflows of $102 million last week, according to digital asset manager CoinShares, citing investors' anticipation of tighter central bank policy. File photo: Reuters.

 

Hong Kong’s Securities and Futures Commission and the Hong Kong Monetary Authority have released a joint circular that lays out extra protections for investors seeking to tap virtual assets, Ignites Asia reported.

The guidance follows a rising number of enquiries from intermediaries selling virtual assets, which are defined as cryptocurrencies, crypto assets and digital tokens that are a digital representation of value.

Read the full report: Ignites Asia

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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