The post Hong Kong Regulator Announces New Policy for Virtual Asset Activities! appeared first on Coinpedia Fintech News
Hong Kong’s Securities and Futures Commission (SFC) has introduced two new measures to its regulatory framework aimed at protecting investors interested in virtual asset-related products. The first measure requires that complex virtual asset-based products should only be offered to professional investors, while the second requires intermediaries to assess their clients’ knowledge of investing in virtual assets before executing a transaction. The move comes as companies seek to expand retail access to intermediaries and enable investors to deposit and withdraw virtual assets with safeguards. Institutional and qualified corporate professional investors are exempt from the knowledge test.