Hong Kong Regulators Warn ICO Tokens May be Securities Under the Law

[kreslik.news]

The recent torrent of startups raising funds from the crowd via an initial coin offering (ICO) keeps attracting regulatory attention all over the world. Today, Hong Kong’s Securities and Futures Commission (SFC) issued a statement on existing regulations which could be applicable to the blockchain token sales.

Learn how to buy Bitcoin and Ethereum safely with our simple guide!

The SFC has observed that certain ICOs have terms and features that may mean that the tokens are “securities” and therefore subject to the securities laws of Hong Kong.

Where the tokens involved in an ICO fall under the definition of securities, the ... (read more)