Topic: Hong Kong wants to take the crypto-currency market under control (Read 116 times)

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Employees of the Financial Regulator of Hong Kong said that they intend to monitor cryptographic currencies and ICO projects, and with time control will only increase.  Ashley Adler, Director General of the Securities and Futures Commission or SFC of Hong Kong, spoke about his attitude to the cryptosphere in the following way:
Adler stressed that SFC intends to control the market of crypto-currencies and ICO-startups even more so that the activities of its subjects would not go beyond the law.  Also, the CEO calls on all those who are concerned with the issue of crypto-currencies and investment in ICO to be more careful.  After all, fraud, theft of funds and personal data have already appeared in this area.

The main method of controlling Hong Kong is to monitor
According to the executive director for relations with the intermediaries, Julia Leung, there are serious risks in the ICE crypto-currency market.  She calls ten times to weigh all the pros and cons, check the reputation of project developers or crypto currencies - and only then invest their own funds in them.  In addition, The Cointelegraph reports a warning for investors from Julia Leung:

"I urge to refrain from storing funds in uncontrolled exchangers.  Because not every service can guarantee a user a high level of protection against hacking, misappropriation of funds and use of other people's data. "

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