On 4 October, the Hong Kong Securities and Futures Commission (SFC) released a detailed document, outlining new regulations for crypto fund managers. One of the main requirements introduced with this new regulatory filing is that fund managers dealing with virtual assets will have to maintain a constant liquid capital of a minimum HK$ 3 million. Regulations for crypto fund managers The minimum liquid capital is not the only new requirement crypto fund managers will have to comply with. According to the new set of regulations, fund managers will also be forced to appoint a dedicated custodian, who will be able
