Hong Kong SFC Blacklists Suspicious Crypto Platforms Amidst JPEX Scam!

Creator: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since a few years. He has earlier buying and selling expertise and has been working within the Fintech trade since 2017.

Sep 25, 2023 9:43

The Hong Kong securities regulator, the Securities and Futures Fee (SFC), has taken motion towards suspected cryptocurrency buying and selling manipulation and unlawful actions. In a press convention held at present, the SFC introduced a particular blacklist of suspicious cryptocurrency buying and selling platforms and vowed to work with the police to take authorized motion towards these suspected of violating the legislation. This motion is available in response to the JPEX incident, which is claimed to be the biggest fraud case in Hong Kong’s historical past. The SFC has urged buyers to train warning and carry out their due diligence earlier than buying and selling cryptocurrencies on these platforms.