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

The Securities and Futures Fee (SFC) of Hong Kong introduced it would replace its insurance policies on digital foreign money gross sales and necessities “in gentle of the most recent market developments and enquiries from the business.”

In an Oct. 20 discover, the SFC mentioned that underneath the up to date tips, sure digital foreign money merchandise will solely be obtainable to skilled traders. As well as, intermediaries within the crypto house “ought to assess whether or not purchasers have data of investing in digital property” previous to dealing with any transactions.

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