SFC

coinfeeds-bot

tldr; Hong Kong’s Securities and Futures Commission (SFC) is preparing a list of crypto assets open to retail traders. SFC CEO Julia Leung Fung-yee said these whitelisted crypto tokens will be highly liquid ones deemed safe enough for non-professional investors. The approved list is part of a broader crypto regulatory push. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Invest07723

Article 👇 Hong Kong's Securities and Futures Commission (SFC) will allow retail trading in a select group of cryptocurrencies as it attempts to introduce regularity clarity to crypto, Reuters reported on Wednesday. The watchdog plans to propose a subset of tokens that will be approved, CEO of SFC, Julia Leung said at a panel discussion at the Asian Financial Forum in Hong Kong. Leung said only "highly liquid" assets will be on the list, according to a report by the South China Morning Post. Hong Kong's virtual asset service provider regime will be focused on investor protection, the importance of which was hammered home by the collapse of FTX in November last year, according to Leung. The now bankrupt crypto exchange was once headquartered in Hong Kong. "Virtual assets have in the past year gone from peak to low [price] levels. The good thing is that when the froth is taken out from the system as platforms and some tokens collapsed, it focuses investors and sellers' minds on investor protection," Leung said. Signals out of Hong Kong on the territory's aspirations for its crypto regime have been mixed in recent months. Hong Kong was showing signs of relaxing tough regulations to become a more crypto-friendly environment at times last year. The Financial Services and Treasury Bureau said in October that it was open to allowing retail customers to trade cryptocurrency or approving a crypto exchange-traded fund (ETF). However, in November, Leung - the then deputy CEO of the SFC - called for tough rules to be implemented on crypto firms, saying how FTX's collapse had highlighted the volatility of digital assets and the threat posed by its links with traditional financial services.

techsupport261

Tldr; Hong Kong's financial regulator, the Securities and Futures Commission (SFC), has reportedly called for the cryptocurrency industry to establish a more solid foundation. The SFC has stated that while it recognizes the potential benefits of cryptocurrencies, it is concerned about their volatility and the risk of financial crime. The regulator has called on the industry to improve transparency, investor protection, and market integrity. It has also urged exchanges to implement better risk management practices and to improve their compliance with anti-money laundering and counter-terrorist financing regulations.

coinfeeds-bot

tldr; Financial services providers in Hong Kong are already taking the first steps to provide services to retail investors, according to local reports. Brokers and fund managers in the region have reportedly asked for advice on licensing requirements ahead of new legislation. This comes after the SFC recently appointed Julia Leung as its new chief executive. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Hong Kong will allow retail investors to directly invest into virtual assets, the Securities and Futures Commission (SFC) of Hong Kong has announced. The announcement comes a year after China started banning participation in cryptocurrency for financial institutions in May 2021, followed by mining operations and eventually individual traders’ use of exchanges and trading. Hong Kong Financial Secretary Paul Chan said his team's top goal is the digital transformation of financial services. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

KnackeredParrot

> Up until recently, the SFC only permitted people with portfolios worth at least $1 million (about 7% of the city’s population) access to centralised crypto exchanges.  I would have been fine then /s

Mr_Bob_Ferguson

I missed this part: > In the initial stages, the SFC will only allow ETFs investing in bitcoin futures and ether futures traded on the Chicago Mercantile Exchange So it’s not an ETF tracking an index, but just an ETF.

Mr_Bob_Ferguson

Ah, looks like I missed this part: > In the initial stages, the SFC will only allow ETFs investing in bitcoin futures and ether futures traded on the Chicago Mercantile Exchange

unnaturally_shocked

One of the SFC's initiatives will allow retail investors to "invest directly in virtual assets."

coinfeeds-bot

tldr; Hong Kong's SFC has confirmed that the regulator is considering allowing retail investors to invest directly in crypto assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

kenlbear

Reported TokenSwap.net to Hong Kong SFC with proof and documents. Will also report to UK.

Flangepacket

In a meeting but here are a few; -SPE are planting trees to generate carbon credits for emission offsetting. -SFC are recycling end of life solar panels. -TRIAS are developing an all platform server for trustworthy AI / IOT / mobile / PC / server etc -VET are working with industry to improve supply chains -CHZ are tokenizing fan interaction with their sport team(s) Hmm I have more but again, in a meeting lol. Maybe I shouldn’t do both at once haha

JaperDolphin94

Can we change the " r/CC " color from Blue to something else coz we might to overlapping our own members thinking they might be from the SFC gang. Just my thoughts.

coinfeeds-bot

tldr; Huobi Technology plans to launch crypto-tracking ETFs for retail investors in Hong Kong. The company has submitted its proposal to Hong Kong's Securities and Futures Commission (SFC) and is waiting for a nod. The existing law allows crypto exchanges and firms to provide digital assets services to only professionals investors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The Sport Fishing Championship (SFC) has announced one of the largest first-place awards for saltwater anglers, the equivalent of $1,000,000 US dollars in cryptocurrency in the Billfish Division. The award marks the first North American sports championship to issue its "grand prize" in cryptocurrency. The SFC offers a 12-event competition series beginning in April 2022. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Bundyfly

As I replied in a previous comment, SPE are working on their own green blockchain and both SPE and SFC are bridging to Polygon.

Bundyfly

Both SPE and SPE are working on MATIC bridges and SPE is also working on its own green blockchain that SFC will also be available on in the future.

Flangepacket

I am personally very interested in SPE (for the reasons stated in my comment) and SFC (solar full cycle) which is a project designed to solve the problem of solar panel recycling, which is a yet to be understood climate disaster worldwide. There are others pushing through but the two mentioned really grabbed my interest.

fallenkeith2018

It doesn't seem like a very good investment to me tbh There's been alot of projects focused on green energy (Solar, Wind, etc) in the past, but i've never really seen any takeoff. Solely being a low cap doesn't make a project a good investment imo. A good project should be able to bring something new to the space or have something that can ensure proper long-term growth. What makes SFC a good investment in your opinion?

nosivad1337

SPE AND SFC - SPEPAD released SFC. 2m market cap, utility in recycling solar panels, massive industry. - doxxed professional team. - about to announce two exchanges! (lbank announced but no set date yet)

SPEarmy

SPE (save planet earth) and a new project Solar Full Cycle ($SFC)

JNisher

I have invested in a lot of shit tokens, and a lot of decent tokens. But SFC is better than them all: a fun and responsive team, connections in the market, positive use-case and environmental impact. I'm in it for the long haul 🌞 (not to mention that $3mil market cap is way undervalued)

coinfeeds-bot

tldr; Gemini has announced that it will be expanding into Latin America through an upcoming partnership with Colombia's largest bank, Bancolombia. The partnership will run as part of a year-long pilot program run by Colombia’s financial regulator, the Superintendencia Financiera de Colombia (SFC). Latin America is the region with the third largest number of crypto users in the world. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Practical_Box_6264

The $SFC token will be the main currency of a SFC trading platform on which end of cycle solar panels can be recycled. Moreover, Solar Power Plant, Logistic Service Providers and Recycling Companies will be introduced to this platform. Agreements will be set up between SFC and these companies. SFC physical business profits will be turned back into a token by burning to tokens which is equal to the values of the profit.

KingZippy80

I feel comfortable with this project, being supported by $SPE is also a win for me. Nobody ever thinks about the end life for things like this, $SFC will definitely lead the way in the solar panel recycling industry, producing carbon credits will be hugely rewarding for its investors over the long term.