The SFC will also maintain a list of “suspicious VATPs” on its website to safeguard investors. This move follows the JPEX crypto exchange scandal, which allegedly promoted services to Hong Kong residents without a license, resulting in around $178 million in financial losses and over 2,200 filed complaints. The SFC will collaborate with law enforcement agencies to facilitate reporting and investigations related to VATP violations.
Hong Kong introduced a licensing regime for VATPs on June 1, with only two platforms, Hashkey and OSL Digital, currently holding licenses for retail customer services. The SFC acknowledges the potential benefits of cryptocurrencies but remains focused on addressing risks like money laundering and investor protection, highlighting the importance of robust regulatory oversight.
By FCCT Editorial Team freeslots dinogame telegram营销