Securities and Futures Commission says decision was made in light of public demand
“The JPEX incident highlights the risks of dealing with unregulated virtual asset trading platforms and the need for proper regulation to maintain market confidence,” the SFC.
“It also shows that dissemination of information to the investing public through the Alert List, warnings and investor education can be further enhanced to help members of the investing public better understand the potential risks entailed by suspicious websites or VATPs.”for crypto platforms to be licensed by the SFC to protect investors.Only OSL Digital Securities Limited and Hash Blockchain Limited have been awarded licenses.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong to disclose crypto license applicants in wake of JPEX probesHong Kong’s Securities and Futures Commission said today that it will also issue a dedicated list of suspicious trading platforms.
Read more »
Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining SummitBitcoin mining efficiency, a pivot to using renewable energy and the debut of the Antminer S21 was the primary focus of Bitmain's WDMS event in Hong Kong.
Read more »
HK regulator vows to intensify crackdown on unregistered crypto platformsIn the wake of the JPEX scandal, Hong Kong's Securities and Futures Commission says it will issue a public list of suspicious crypto platforms in a bid to combat fraudulent activity.
Read more »
Asian Stock Market: Trades lower amid the fear of China property crisis, Hong Kong's Hang Seng leads lossesMost Asian stock markets trade in negative territory on Monday amid the cautious mood. Investors digest the outcome of the Federal Reserve (Fed) monet
Read more »
Before King Kong, a Deadlier MonsterVerse Titan Challenged Godzilla's Alpha Status1 deadly Titan challenged Godzilla before Kong.
Read more »
JPEX scandal masterminds still at large as 11 suspects taken into custody: ReportHong Kong police say that the masterminds behind the JPEX crypto exchange scandal — which has seen victim losses balloon to $178 million — are still on the run. 11 people including influencers, YouTubers and exchange employees have now been arrested.
Read more »