Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
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Hong Kong Securities and Futures Commission: Beware of suspicious investment products called Hong Kong International Financial Center Token (IFCT)
2024-02-07 09:35:13
Odaily News The Hong Kong Securities and Futures Commission issued a document today to remind the public to beware of suspicious investment products and related projects involving the Hong Kong International Financial Center Token (IFCT). Although the relevant promotional materials claimed that the product had been officially approved in Hong Kong, the SFC made it clear that the product was not authorized by the SFC for sale to the Hong Kong public. The China Securities Regulatory Commission has included it on the suspicious investment product warning list and warned the public of the risks that may be faced by investing in any investment products not recognized by the China Securities Regulatory Commission, including the possibility of losing the entire investment. The SFC will take appropriate action in relation to any illegal conduct.