In response to growing interest in digital token sales, often referred to as Initial Coin Offerings (“ICOs”), the FinTech Association of Hong Kong (“FTAHK”) has today published a paper outlining best practices for running token sales in Hong Kong. The paper harnesses input from leading industry participants.
Token sales have raised over US$3 billion this past year and have generated significant interest globally. In Hong Kong, the Securities and Futures Commission issued a statement on ICOs on 5 September 2017 explaining when digital tokens may be subject to the securities laws of Hong Kong.
For full press release:
English - FTAHKTokenSalesPaperPressRelease.pdf