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BRIEF-Hong Kong's Securities and Futures Commission issues statement on initial coin offerings
September 5, 2017 / 8:16 AM / 2 months ago

BRIEF-Hong Kong's Securities and Futures Commission issues statement on initial coin offerings

Sept 5 (Reuters) - Hong Kong Securities and Futures Commission

* Says it has noticed an increase in the use of initial coin offerings (ICOs) to raise funds in Hong Kong and elsewhere

* Says depending on an ICO, digital tokens offered or sold may be “securities” as defined in the securities and futures ordinance, and subject to the securities laws of Hong Kong

ource text in English: bit.ly/2vHoqXN (Reporting by Hong Kong newsroom)

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