Downright Frauds’: Hong Kong Regulator Lambasts ICOs in Speech

Оригинал: https://blockexplorer.com/news/downright-frauds-hong-kong-regulator-lambasts-icos-in-speech/

Speaking last week at an investment industry event, Julia Leung, deputy chief executive officer of Hong Kong’s Securities and Futures Commission (SFC) warned that many ICOs violate securities laws.

“While we acknowledge that innovative technologies such as blockchain have the potential to improve efficiency and financial inclusion, that does not entitle anyone to conduct fundraising from the public in violation of securities law,” she said, adding that most ordinary investors are not equipped to evaluate these investments.

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