On December 11 the Securities and Futures Commission (SFC) of Hong Kong published a circular that reminds that only licensed firms are allowed to offer bitcoin futures within Hong Kong. Investors are also reminded of the risks associated with these products.
Hong Kong investors may be able to trade in bitcoin futures through an intermediary which is a member of these exchanges....The industry is reminded that a party is required to have an appropriate licence with the SFC if it provides any other business services relating to bitcoin futures.
The circular of the SFC
According to circular, other forms of cryptocurrency-related investment products are available to investors in the country including cryptocurrency options. Failure to obtain a license to offer such services "may be committing a criminal offence under the SFO".
SFC also reminded investors about the potential risks in trading cryptocurrencies including insufficient liquidity and price volatility.
The circular was published on the first day of trading of the CBOE’s futures contract, which went live late Sunday.