Bitcoin Hedge Funds Will Be Allowed In Hong Kong, SFC Says
The Hong Kong Securities and Futures Commission (SFC) has made it clear that it is keen on allowing such products in the city. However, it will take some time for such a move to materialize.
In a statement published by the SFC this week, the regulator said it will make sure that investors are protected from any risks associated with these products. In addition, the regulator said that it will monitor these products closely in order to avoid any potential scams or other illegal activities associated with them.
On September 26th, Hong Kong’s Securities and Futures Commission (SFC) issued an official statement regarding cryptocurrencies and related services. In it, the SFC stated that their focus is on regulating digital currencies as well as providing regulatory framework for digital currency exchanges operating in Hong Kong.
The SFC also announced that they have started working on establishing regulatory framework for cryptocurrency futures trading platforms in order to bring cryptocurrencies into mainstream financial markets.
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