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The Hong Kong Securities and Futures Commission (SFC) warned about significant risks associated with investing in virtual assets, according to the statement posted on the official SFC website.

The regulator noted that Hong Kong faces growing investor interest in gaining exposure to virtual assets via funds and unlicensed trading platform operators

In order to mitigate risks related to investments in virtual assets, SFC decided to issue guidance on the regulatory standards expected of virtual asset portfolio managers and fund distributors.

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