Hong Kong seeks to educate citizens on cryptocurrency and ICOs

Hong Kong is getting ahead of the game in 2018, by launching a campaign to educate the public on the risks (and rewards) of investing in ICO and cryptocurrency.

The campaign began yesterday, and will target citizens across channels such as the metro system, television and social media.

Joseph Chan, undersecretary for financial services and the treasury, said: “The increase in media coverage and hype around ICOs and ‘cryptocurrencies’, such as bitcoin, has aroused public interest. However, the public might use these as speculative tools without full understanding of their nature and potential risks.

“Through this series of public education initiatives, the goverment aims to provide the public with a correct and comprehensive understanding of ICOs and ‘cryptocurrencies’, so that they can thoroughly assess the risks before making transations or investment decisions.”

Alongside the Financial Services and Treasury Bureau, the project was co-launched by the Invester Education Centre, which is a subsidiary of the Securities and Futures Commission.