Tag: Virtual Assets

Hong Kong Announces New Regulatory Approach for Virtual Assets
Business

Hong Kong Announces New Regulatory Approach for Virtual Assets

The Securities and Futures Commission (SFC) of Hong Kong recently issued a statement establishing a new regulatory framework for virtual asset portfolio managers and distributors. Cryptocurrency exchanges can also now opt-in for state oversight as part of a new ‘sandbox’ regulatory strategy. This year has been a bad one for cryptocurrency hacks and frauds. Estimates…