Hong Kong securities regulator updates crypto insurance policies, citing market developments

The Securities and Futures Fee (SFC) of Hong Kong introduced it’s going to replace its insurance policies on digital foreign money gross sales and necessities “in mild of the newest market developments and enquiries from the business.”

In an Oct. 20 discover, the SFC stated that below the up to date pointers, sure digital foreign money merchandise will solely be accessible to skilled buyers. As well as, intermediaries within the crypto house “ought to assess whether or not shoppers have information of investing in digital belongings” previous to dealing with any transactions.

Proceed Studying on Cointelegraph