Hong Kong Regulators Considered ICOs As ‘Downright Fraud’

Crypto Exchanges ICO Hong Kong’

According to the report, the Initial Coin Offerings (ICOs) has been accused of being ‘Downright Fraud’ by the Hong Kong Securities Regulator. The deputy head of the SFC, Julia Leung mentioned, “The implicit risks surrounding cryptocurrency are also due to the volatility, affecting investors and the market as a whole.”

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