An illuminated neon sign of an NFT displayed in Hong Kong. The city’s securities watchdog said that NFTs that represent investment schemes will need to obtain a licence. Photo: Bloomberg
Hong Kong extends regulatory rules to NFT-based collective investment schemes, warning investors to be mindful of risks
- Issuers of tokens in Hong Kong or those targeting Hong Kong investors need to obtain a licence from the Securities and Futures Commission
- Global NFT sales have fallen from between 160,000 and 200,000 per day in November, to around 20,000 per day this week, according to Nonfungible.com
An illuminated neon sign of an NFT displayed in Hong Kong. The city’s securities watchdog said that NFTs that represent investment schemes will need to obtain a licence. Photo: Bloomberg
