A senior executive with the Hong Kong Securities and Futures Commission, or SFC, believes more needs to be done to tackle cryptocurrency fraud, offering clues to future directions on digital asset trading in the region special administrative. Deputy General Manager Liang Fengyi said the SFC is obligated to expand the scope of cryptocurrency supervision in the city-state, especially with regard to unlicensed trading, according to an English translation of an article. published in the local newspaper ETNet. She explained that, since crypto assets are not recognized as securities or as a method of payment, they do not fall under the…