Hong Kong to list 'suspicious' crypto platforms in wake of JPEX scandal

In the wake of the ongoing JPEX scandal, the Hong Kong Securities and Futures Commission says it will issue a public list of suspicious crypto trading platforms.

One of Hong Kong's principal financial regulators, the Securities and Futures Commission (SFC) has vowed to step up efforts to combat unregulated cryptocurrency trading platforms in its jurisdiction.

According to a Sept. 25 announcement, the SFC said it will publish a list of all licensed, deemed licensed, closing down and application-pending virtual asset trading platforms (VATPs) to better help members of the public identify potentially unregulated VATPs doing business in Hong Kong.

The SFC said it will also keep a dedicated list of "suspicious VATPs" which will be featured in an easily accessible and prominent part of the regulators' website.

#news #crypto #HongKong

Sep-25-2023 03:39:27 PM