Hong Kong’s Securities and Futures Commission has published a proposed set of rules for crypto currencies and virtual assets
The SFC is looking to set up a regime for crypto service providers, how they intend to serve retail investors, and what protections they have.
The paper sets out some proposed rules, such as assessing a client’s risk, and limiting their exposure.
It also says that it will be up to the operators to do due diligence on digital tokens, and monitor them.
Hong Kong is also planning to regulate stablecoins later this year.
