Hong Kong, a regulatory framework for cryptocurrency

The Securities & Futures Commission of Hong Kong is imposing a regulatory framework for digital currency funds and cryptocurrency exchanges. As reported by Pete Sabine on the Asia Times, regulation will affect companies that manage securities or futures contracts. For this reason, a sandbox for virtual asset trading platforms will be tested.
Specifically, the SFC will regulate funds investing more than 10% of a mixed portfolio in crypto-currencies, with only SFC qualified investors allowed to participate.