The Financial Services and the Treasury Bureau (FSTB) and the Investor Education Centre (IEC), which is a subsidiary of the Securities and Futures Commission (SFC) announced on January 29 the launch of a public education campaign to raise awareness of the potential risks of investing in ICOs and buying cryptocurrency.
The increase in media coverage and hype around ICOs and 'cryptocurrencies', such as bitcoin, has aroused public interest. Through this series of public education initiatives, the Government aims to provide the public with a correct and comprehensive understanding of ICOs and 'cryptocurrencies', so that they can thoroughly assess the risks before making transactions or investment decisions.
The Under Secretary for Financial Services and the Treasury
Commencing this week, a series of advertisements will be placed in MTR stations, print and digital media. In March, there will be television and radio advertisements, as well as an educational video that will be shared on popular social media platforms, officials said.
In addition, the Chin Family website, the financial education platform of the IEC, has developed a range of educational articles and infographics to help the public understand the features and risks of ICOs and cryptocurrencies.