The board of directors of Guofu Innovation has approved a budget of 5 million Hong Kong dollars for investments related to cryptocurrency and virtual asset funds

ChainCatcher news, Guofu Innovation announced that its board has approved a budget of HKD 5 million for the group's investments related to cryptocurrency and virtual asset funds in the year following the date of this announcement. This budget will primarily be used to purchase cryptocurrencies (mainly including Bitcoin) on regulated and licensed trading platforms; and to subscribe to Hong Kong compliant virtual asset funds (i.e., virtual asset funds whose fund managers are recognized to engage in regulated activities under the Securities and Futures Ordinance, and are approved to invest more than 10% of the total asset value of the portfolio in virtual assets or indirectly invest in virtual assets).