Pádraig Walsh, Chairperson of PrivacyRules and representative of our Hong Kong exclusive law firm member, Tanner De Witt, publishes an article on the warning of the Hong Kong Securities and Futures Commission (SFC) on the risks associated with non-fungible tokens (NFTs). The SFC noted that NFTs have risks that are similar to other virtual assets. These include Illiquid secondary markets, volatility, opaque pricing, and hacking and fraud. The SFC reminded investors to be mindful of these risks, and not to invest in NFTs if they did not understand the associated risk or could not sustain the potential loss of their investment. Read the full article here.
