SFC Publishes Regulatory Guidelines for Virtual AssetsSFC Publishes Regulatory Guidelines for Virtual Assets
By Mary Kihoro - November 1, 2018

The Securities and Futures Commission (SFC) has issued regulatory guidelines governing virtual assets in Hong Kong. In a press statement released today, SFC noted with concern that there are high risks associated with virtual assets which has called for the regulatory body to issue guidelines. The new guidelines touch on the licensing process for crypto firms, the scope of virtual assets and the scope of supervision that SFC will engage in.