Hong Kong Securities and Futures Commission: The public is advised to be wary of suspicious investment products such as "FoFund Duoduo No. 1" and "Taohuayuan NFT"

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According to ChainCatcher, the Hong Kong Securities and Futures Commission (SFC) issued a warning to the public about suspicious investment products named "FoFund Multiple One", "FoFund Multiple Two", "Fo Coin", and "Peach Blossom Source Non-Fungible Token".

These products involve management strategies related to virtual asset investments, digital tokens, and Non-Fungible Tokens associated with certain artworks. These investment products have not been approved by the SFC for offering to the Hong Kong public.

The SFC noted that Hong Kong residents can access information about these products through their related websites, social media accounts, and associated mobile applications.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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