Crypto funds in Hong Kong fail to impress regulators
So far, there’s only one firm that could be publicly identified as having received approval, namely Diginex which manages a “fund of funds” product featuring crypto assets.
So far, there’s only one firm that could be publicly identified as having received approval, namely Diginex which manages a “fund of funds” product featuring crypto assets.
The Financial Services Commission warned that cryptocurrency funds and mutual funds have similar structures, which may result in investors into assuming that such funds are legal investments under the South Korea’s Capital Markets Act.