China: Hong Kong Wants STO Investing To Be Reserved For The Super Rich

Bitcoinist

In what they call a move to protect investors, Hong Kong’s financial watchdog clarified its position on STOs yesterday. The Hong Kong Securities and Futures Commission (SFC) reminded investors that digital assets are still highly risky. This means they should be in the realm of ‘professional investors’ only. To be clear, it doesn’t matter if savvy investors have made the right call on the market or sharpened their trading skills. If they don’t have a portfolio of at least $1 million (HK $8 million), STOs are off the table for them.

image via Shutterstock

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