The Securities and Futures Commission of Hong Kong (financial markets regulator) warns of high risks in baijiu-based token products promising profit sharing.
The Securities and Futures Commission of Hong Kong (financial markets regulator) has labeled the VSFOLT and 'Sheng Liquor Raw Liquor' RWA tokens as suspicious investments. These products claim to represent baijiu raw liquor assets and shares of a Hong Kong-listed company, offering profit sharing at maturity. The regulator cautioned that investors risk substantial or even total losses.