T.L. Chan at Treasury Markets Summit 2018: “Crypto-assets and Money”

Phone: 650.723.2465
Fax: 650.725.0253

Type: Regulation
Date: 09/21/2018
Agency: Hong Kong Monetary Authority
Jurisdiction: Hong Kong
Type of Law: Other
Status: Non-Regulation
Official URL: External link

In a speech made on September 21, 2018, the Chief Executive of the Hong Kong Monetary Authority (HKMA) said that cryptoassets are not money or currencies, and warned that “people wishing to invest or speculate in crypto-assets should do so without harboring the unrealistic expectation that they would one day become money or currencies that can be used as a means of exchange”.