Hong Kong Securities Regulator accuses ICOs of being ‘Downright Fraud’

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The Hong Kong Securities Regulator has taken a highly sceptical tone towards Initial Coin Offerings (ICOs), referring to them as fundraising efforts of ‘Downright Fraud’, citing a lack of oversight and regulation as being a significant danger. Speaking at an investment industry function, the deputy head of the Hong Kong Securities and Futures Commission (SFC) […]

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Original Article – Coinjournal.net

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