Clarification statement of Initial Coin Officering (ICO) about suggestion to 2024/25 Fiscal Policy
Release Date: 2023-12-01
We have noted that various English-language media outlets have reported our association's views on the proposal by the Financial Secretary of the Hong Kong SAR to explore the implementation of an ICO issuance framework. We would like to provide a clarification on this matter.
Our association functions as a union organization and currently has no definitive plans or regulatory recommendations related to initial coin offerings (ICOs) within the financial market of Hong Kong. To our knowledge, the Securities and Futures Commission issued a statement in 2017, acknowledging the increasing prevalence of ICOs both in Hong Kong and worldwide. Presently, there exists no specific legislation or regulation in Hong Kong that governs ICOs. Our inquiry was solely aimed at determining whether there have been any updates or developments from the relevant authorities.
Hong Kong Securities and Futures Professionals Association
December 1, 2023
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Insights on the 2024-2025 Financial Budget.
Our association functions as a union organization and currently has no definitive plans or regulatory recommendations related to initial coin offerings (ICOs) within the financial market of Hong Kong. To our knowledge, the Securities and Futures Commission issued a statement in 2017, acknowledging the increasing prevalence of ICOs both in Hong Kong and worldwide. Presently, there exists no specific legislation or regulation in Hong Kong that governs ICOs. Our inquiry was solely aimed at determining whether there have been any updates or developments from the relevant authorities.
Hong Kong Securities and Futures Professionals Association
December 1, 2023
Related Articles
Insights on the 2024-2025 Financial Budget.