Hong Kong's SFC Takes action Against Unregulated Crypto Firms, Publishing Lists and Working With Police
The Securities and Futures Commission (SFC) in Hong Kong has announced plans to crack down on unregulated cryptocurrency trading platforms. The SFC will publish a list of licensed and unlicensed virtual asset trading platforms (VATPs) to help the public identify potentially unregulated platforms. In response to the recent JPEX crypto exchange scandal, the SFC emphasized the need for proper regulation to maintain market confidence and will work with local police to establish a channel for citizens to report suspicious activity
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Hong Kong's SFC Takes action Against Unregulated Crypto Firms, Publishing Lists and Working With Police
The Securities and Futures Commission (SFC) in Hong Kong has announced plans to crack down on unregulated cryptocurrency trading platforms. The SFC will publish a list of licensed and unlicensed virtual asset trading platforms (VATPs) to help the public identify potentially unregulated platforms. In response to the recent JPEX crypto exchange scandal, the SFC emphasized the need for proper regulation to maintain market confidence and will work with local police to establish a channel for citizens to report suspicious activity