What are the regulations of the Hong Kong Securities and Futures Commission (SFC) regarding cryptocurrency?

3 answers

• Savage PearceJun 27, 2025 · a year ago
  The Hong Kong Securities and Futures Commission (SFC) has implemented regulations to ensure the proper functioning and security of the cryptocurrency market in Hong Kong. These regulations aim to protect investors and prevent illegal activities such as money laundering and fraud. Individuals and businesses involved in cryptocurrency activities must comply with the following rules: 1. Licensing: Any person or company that carries on a business of dealing in cryptocurrencies or providing related services must obtain a license from the SFC. 2. Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) Measures: Cryptocurrency businesses must implement robust AML and CTF measures to prevent money laundering and terrorist financing. This includes conducting customer due diligence, monitoring transactions, and reporting suspicious activities to the relevant authorities. 3. Investor Protection: The SFC requires cryptocurrency exchanges and platforms to have proper systems and controls in place to protect investors' assets and ensure fair trading. They must also provide clear and accurate information to investors, including risks associated with cryptocurrencies. 4. Market Manipulation: The SFC prohibits any form of market manipulation, including insider trading, false trading, and price manipulation. Cryptocurrency businesses must have measures in place to detect and prevent such activities. It is important for individuals and businesses operating in the cryptocurrency space in Hong Kong to familiarize themselves with these regulations and ensure compliance to avoid legal consequences and protect the integrity of the market.
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• belén piñaDec 12, 2020 · 6 years ago
  The Hong Kong Securities and Futures Commission (SFC) has set regulations to govern the use and trading of cryptocurrencies in Hong Kong. These regulations are designed to protect investors and maintain the stability and integrity of the financial system. The SFC requires cryptocurrency exchanges and platforms to obtain licenses and comply with strict anti-money laundering and counter-terrorist financing measures. They must also implement measures to prevent market manipulation and provide investor protection. By adhering to these regulations, the SFC aims to create a secure and transparent environment for cryptocurrency activities in Hong Kong.
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• Bonnie TingJul 05, 2020 · 6 years ago
  As a leading digital asset exchange, BYDFi understands the importance of regulatory compliance. The Hong Kong Securities and Futures Commission (SFC) has implemented regulations to ensure the proper functioning and security of the cryptocurrency market in Hong Kong. These regulations aim to protect investors and prevent illegal activities such as money laundering and fraud. Individuals and businesses involved in cryptocurrency activities must comply with licensing requirements, implement robust anti-money laundering measures, provide investor protection, and prevent market manipulation. BYDFi is committed to upholding these regulations and providing a safe and reliable platform for cryptocurrency trading in Hong Kong.
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