The Hong Kong Securities and Futures Commission will issue two tokenization-related notices today, one of which focuses on the requirements for the i

Bitget App

Trade smarter

Cointime2023/11/02 04:48

By:Cointime

According to the Hong Kong Securities and Futures Commission (SFC) Chief Executive Officer Ashley Alder, the regulatory body plans to release two notices on tokenization later today at the 8th Hong Kong Fintech Week. One of the notices will cover "Identifying the Risks of this New Technology" and "Expectations of Intermediaries by Regulators when Conducting Due Diligence, Transfers or Initial Offerings". Alder added that the other notice will focus on the SFC's requirements for authorized funds to issue, "We will have additional safeguards for all our expectations of it." She added: "All of this is to ensure that assets are safely held, transferred, and recorded, as this is ultimately a new technology. While we support the industry and experiment with more use cases, we also see new risks associated with innovative technology, especially in the transfer, ownership, and record-keeping of these tokens."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA•2025/09/12 06:14

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA•2025/09/12 06:14