Hong Kong Regulator Issues Warning on Unauthorized Gold-Linked Tokens

The SFC urges caution over Goldpay Token and Gold Receipt, citing lack of approval and potential risks for Hong Kong investors.

Summary

The Securities and Futures Commission of Hong Kong (SFC) has warned the public that Goldpay Token and Gold Receipt, both gold-linked digital token products, are unauthorized for public offering in Hong Kong. The regulator emphasized these investments have not received SFC approval and may pose significant risks to investors.

Terms & Concepts
  • Securities and Futures Commission of Hong Kong (SFC): Hong Kong’s financial regulator overseeing securities and futures markets, including licensing and compliance.
  • Goldpay Token (GPT): A gold-linked digital token that the SFC states is unauthorized for public offering in Hong Kong.
  • Gold Receipt (GR): A gold-backed digital token flagged by the SFC as unauthorized for public offering in Hong Kong.