Hong Kong’s Financial Services and Treasury Bureau and Investor Education Center have launched a public campaign to educate the public
Due to the aroused public interest and hype around cryptocurrencies Hong Kong’s Financial Services and Treasury Bureau (FSTB), and Investor Education Center (IEC) have launched the educational campaign in order to provide a comprehensive understanding of the potential risks of cryptocurrency transactions.
The campaign includes educational videos which will be posted on social media, television and radio advertisements, advertisements throughout Hong Kong’s public transport.
Under Secretary for the FSTB, Joseph Chan believes that the aim of the program is to provide a correct and comprehensive understanding of ICOs and cryptocurrencies. The campaign will help people have a better idea of digital currency and investing in it.
This campaign is not the first attempt of developed countries to launch an educational program on cryptocurrencies. A few months ago Russian government suggested educating the public on their financial literacy.
The main reason for launching such educational programs supported by governments is the dangerous volatility of the cryptocurrency markets which many traditional investors are not prepared for.
Unlike the hostilities faced in China, Hong Kong is focused on protecting and informing traders and investors.