The Securities and Futures Commission of Hong Kong's (SFC) issued a warning against HKCEXP, which it claims lured investors by falsely claiming to be an “FSC-registered business.”
The Securities and Futures Commission of Hong Kong (SFC) has issued an alert against HKCEXP, which it says is a suspicious trading platform claiming to be registered with the regulator.
The SFC had set a deadline of Feb. 29 for crypto exchanges to apply for an operational license. Exchanges failing to submit their license applications would need to wind up their business in Hong Kong by May 31.
The regulator received license applications from 22 crypto trading platforms, including four exchanges that had applied under the SFC’s previous opt-in regime for crypto trading platforms.
