Hong Kong SFC Lists Diamond Coin and Diamond Fund as Suspicious Investment Products

The Hong Kong Securities and Futures Commission (SFC) has classified the Diamond Coin and Diamond Fund as suspicious investment products related to digital tokens. The product involves a digital token called Diamond Coin, which claims to represent certain rights in a fund, the Diamond Fund, that invests in ancient artworks and historical artifacts, targeting an annualized return rate of over 30%. The SFC warns investors to be cautious of social media accounts or posts related to this product.

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