The SFC and HKMA will designate virtual asset-related products as "complex products" and enforce conditions for intermediaries engaged in their sale
The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) jointly announced they will update their virtual asset-related policies. This move aims to enhance investor protection and address complexities associated with these products.
Hong Kong’s initial crypto policy restricted various crypto activities to professional investors only. However, as the landscape has transformed, with many investment products offering exposure to virtual assets, the authorities are introducing additional measures to safeguard retail investors' interests.