Hong Kong Exposure to FTX is ‘Immaterial’, Securities Regulator Says

Nov 15,2022
KingData News: Hong Kong fund managers are not at risk from exposure to FTX, according to the Securities and Futures Commission (SFC). “SFC has made enquiries with licensed fund managers with exposure to virtual assets, and considered the exposure, if any, to FTX, FTT and related entities to be immaterial,” an SFC spokesman said on Monday. “The fallout of FTX could impact other tokens and other parts of the virtual assets ecology. We will continue to monitor the situation.”
This index tracks global regulatory move targeted at cryptocurrency and blockchain industry.
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