The European and Hong Kong regulators continue to move forward in their effort to provide a regulatory framework for issuing and transacting crypto financial products.
The Hong Kong Monetary Authority (HKMA) unveiled comprehensive regulatory standards yesterday (20 February) for the sale and distribution of tokenised financial products by authorised institutions. As a general principle, the prevailing supervisory requirements and consumer/investor protection measures for the sale and distribution of a product are also applicable to its tokenised form The new guidelines aim to support innovation while ensuring robust consumer protection with appropriate saf