Hong Kong Securities and Futures Commission: Hong Kong's exposure risk to FTX and related entities is limited

2022-11-15 09:24:52

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ChainCatcher news, according to the South China Morning Post, the Hong Kong Securities and Futures Commission (SFC) stated that Hong Kong fund managers will not face risks due to exposure to FTX. The SFC has inquired with licensed fund managers holding virtual asset exposure and believes that the risks associated with exposure to FTX, FTT, and related entities (if any) are not high, but the FTX incident may affect other tokens and other parts of the virtual asset ecosystem, and they will continue to monitor the situation.

In addition, the SFC stated that FTX is not registered with the SFC, and only institutions that have completed registration can operate as digital asset trading platforms in Hong Kong. Although FTX was established in Hong Kong and retained its company registration in Hong Kong, its headquarters was moved to the Bahamas in September 2021. (South China Morning Post)

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