Hong Kong SFC Proposes Restricting Unauthorized Institutions from Using Terms Such as "Crypto" and "Exchange"

Odaily: The Hong Kong Securities and Futures Commission (SFC) has published a consultation conclusion, proposing to amend the Securities and Futures Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance to restrict unauthorized institutions from using specific terms that may mislead the public into believing their business is regulated by the SFC or is associated with exchanges, clearing houses, and virtual asset trading platforms.