The Chief Executive of the Hong Kong Special Administrative Region responded to the virtual platform supervision fraud case: the interests of investors must be protected while cracking down on unlicensed platforms
2023-11-28 10:16
Odaily News Hong Kong SAR Chief Executive John Lee responded to virtual platform supervision fraud. He said that government supervision is very important to protect the interests of investors and at the same time crack down on unlicensed platforms. If it is necessary to provide power to regulatory agencies, the government will actively cooperate. In addition, when investors conduct virtual asset transactions online, they must use a licensed trading platform to protect the interests of investors. The Hong Kong Securities and Futures Commission specifically reminds investors that all entities on the list of applicants for virtual asset trading platforms have not been licensed by the Hong Kong Securities and Futures Commission and may not comply with the requirements of the Hong Kong Securities and Futures Commission. The Hong Kong Securities and Futures Commission also reminds virtual asset platforms that plan to apply for a license from it to submit a complete application and other required materials and documents, including external evaluation reports. Applications that fail to meet the criteria will be returned by the SFC. Currently, the Hong Kong Securities and Futures Commission website has listed 9 suspicious virtual currency investment platforms. They are HOUNAX, JPEX, Hong Kong Digital Research Institute, BitCuped, FUBT, futubit/futu-pro, EFSPD, OSL trading, and arrano.network. (Shenzhen Business Daily)
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