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Hong Kong’s Securities and Futures Commission warn of nonfungible token risks -Breaking

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The Securities and Futures Commission of Hong Kong warns about non-fungible token risk

Monday was Tuesday when the Securities and Futures Commission in Hong Kong released a statement. WarningInvestors should be aware of the potential dangers of NFTs (nonfungible tokens), which have seen a surge in popularity over recent years. This is what the regulator wrote:

The SFC seems to be concerned about the securitization NFTs. SFC does not regulate NFTs, but the majority are seen to contain a copy of an asset like digital artwork, video, or digital image.