Hong Kong’s SFC remains very selective in licensing crypto firms

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Though Hong Kong’s Securities and Futures Commission (SFC) introduced a license for the crypto fund managers last year, the regulator is reluctant to issue it.

Even though last year the Securities and Futures Commissions of Hong Kong introduced a license for crypto fund managers, it has remained quite selective in its screening process. A rather small group of crypto firms have yet to be given the green light by the authorities in Hong Kong.

Exactly which crypto funds have been licensed is kept secret due to discretion, however, experts from the industry have confirmed that the bar is set very high for those eager to manage digital currencies-related funds legally in the country.

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