SFC issues reminder on cryptocurrency-related products and derivatives

Phone: 650.723.2465
Fax: 650.725.0253

Type: Regulation
Date: 12/11/2017
Agency: Securities and Futures Commission
Jurisdiction: Hong Kong
Type of Law: Guidance
Status: Existing
Official URL: External link

The circular notes that futures and commodities exchanges in the United States launched or will soon launch (in late 2017) Bitcoin futures contracts which Hong Kong investors may be able to trade through an intermediary. However, dealing in these contracts for investors in Hong Kong and related services, including relaying or routing orders, constitute regulated activities and require a licence from the SFC regardless of whether the business is located in Hong Kong.