Hong Kong Securities and Futures Commission’s Statement on Initial Coin Offerings: Regulating Virtual Tokens within the Existing Regulatory Regimes

With the emerging trend of using initial coin offerings (ICOs) to raise funds in Hong Kong and internationally, Hong Kong’s Securities and Futures Commission recently issued a statement on how it regulates such offerings.

This client briefing highlights when Hong Kong’s securities and prospectus regimes may apply to an ICO and the implications of falling within these regimes for parties involved in an ICO.