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Hong Kong's Securities and Futures Commission adopts new measures on the management of virtual asset funds to protect investors.
On 1 November 2018, Hong Kong’s Securities and Futures Commission (SFC) issued two new circulars applicable to funds investing in virtual assets operating on SFC regulated platforms.
The SFC is adopting new measures for virtual asset funds in an effort to protect investors who invest in a virtual asset portfolio or fund. These updates aim to bring virtual asset portfolio managers and distributors under its regulatory net.
Some of the adopted measures include:
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