Hong Kong regulator trains sights on digital currency fundraising a day after China bans it

Hong Kong’s securities regulator, the Securities and Futures Commission, has put companies planning Initial Coin Offerings (ICO) on notice that any such digital fundraising activity may fall under Hong Kong’s securities code, requiring them to be registered with the regulator.
The comment, in a statement issued on Tuesday, came one day after China’s central bank banned ICOs out of concerns over financial risks and stability
“We are concerned about an increase in the use…

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