Financial authorities are not the biggest proponents of cryptocurrencies. Nor do they like initial coin offerings all that much either. Warnings have been issued in many different formats over the past years regarding these investments. In Hong Kong, the Financial Services and the Treasury Bureau will take things one step further. A dedicated TV ad campaign will warn against investing in cryptocurrencies and ICOs. Ignoring this message will prove to be rather difficult.
This new public campaign will go live later this week. In doing so, the financial regulators hope to
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