The Hong Kong Securities and Futures Commission (SFC) has stepped up its awareness campaign on non-fungible tokens (NFTs), cautioning investors against investing in them if they do not fully understand the risks.
“As with other virtual assets, NFTs are exposed to heightened risks including illiquid secondary markets, volatility, opaque pricing, hacking, and fraud. Investors should be mindful of these risks, and if they cannot fully understand them and bear the potential losses, they should not invest in NFTs,” the SFC stated.
