At 5 pm on November 6, SFC issued the "Warnings on Virtual Asset Futures Contracts" (hereinafter referred to as "Warnings") and "Position Letters: Supervising Virtual Asset Trading Platforms" (hereinafter referred to as "Position Letters").

In the "Warning", SFC directly warns of the risks of virtual currency futures. SFC said that the prices of virtual assets under virtual asset futures contracts are extremely volatile, and the highly leveraged nature of virtual asset futures contracts has also doubled the risks faced by investors. The platform for selling or buying or selling virtual asset futures contracts involves market manipulation and illegal activities.

So far, no one in Hong Kong has been licensed by the SFC or authorized to sell or trade virtual asset futures contracts in Hong Kong.