ICO/ Cryptocurrency Regulation Series (1), 03 April 2018

Securities and Futures Commission (SFC) recently has halted Initial Coin Offering by Black Cell Technology Ltd, which raises fund to develop a mobile application. It claims the exercise may consist of “unauthorised promotional activities and unlicensed regulated activities”.
Read more at:
Hong Kong’s regulator halts initial coin offering, orders Black Cell to return tokens to investors
http://www.scmp.com/business/banking-finance/article/2137918/hong-kongs-regulator-halts-initial-coin-offering-orders
&
Hong Kong SFC Apparently Halts Black Cell Initial Coin Offering
https://www.ethnews.com/hong-kong-sfc-apparently-halts-black-cell-initial-coin-offering

Recently, China has banned cryptocurrency and the government authorities in Germany and United States has tighten their regulations on cryptocurrency trading. As such, lawmakers and brokers in Hong Kong call on the government to tighten their curbs on bitcoin.
Read more at:
Hong Kong lawmakers push for tighter oversight of cryptocurrencies, trading platforms
http://www.scmp.com/business/banking-finance/article/2132439/hong-kong-lawmakers-push-tighter-oversight-cryptocurrencies

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