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New SFC rules an encouraging step forward for crypto

The Securities and Futures Commission (SFC) has published a new framework, providing flexibility to financial institutions while simultaneously limiting the sale of crypto-asset portfolios and funds and restricting access to crypto-platforms to professional investors only. Published on 1 November, the new framework is no game-changer as the SFC’s reach does not extend past licensed corporations or securities- and futures-related activities, nor…

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