The Hong Kong Securities and Futures Commission will issue two tokenization-related notices today, one of which focuses on the requirements for the i
According to the Hong Kong Securities and Futures Commission (SFC) Chief Executive Officer Ashley Alder, the regulatory body plans to release two notices on tokenization later today at the 8th Hong Kong Fintech Week. One of the notices will cover "Identifying the Risks of this New Technology" and "Expectations of Intermediaries by Regulators when Conducting Due Diligence, Transfers or Initial Offerings". Alder added that the other notice will focus on the SFC's requirements for authorized funds to issue, "We will have additional safeguards for all our expectations of it." She added: "All of this is to ensure that assets are safely held, transferred, and recorded, as this is ultimately a new technology. While we support the industry and experiment with more use cases, we also see new risks associated with innovative technology, especially in the transfer, ownership, and record-keeping of these tokens."
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