Hong Kong Regulator Issues Fraud Alert On Three Exchanges – Details

Quick Summary:

The Hong Kong Securities and Futures Commission (SFC) has issued a warning to investors regarding three entities suspected of engaging in fraudulent activities related to virtual assets or operating without a license.

The VBIT Exchange was another entity accused by the SFC of actively posturing as a VATP despite the lack of license from the Commission.

Hong Kong’s SFC also warned investors of the HKD.com Corporation, a company with an identical logo and name as another VATP but with no affiliations.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: HungaryHong Kong

Topics: Crypto license Hong kong Spot Bitcoin ETF Hong Kong SFC Crypto regulation Spot Ethereum ETF Hong Kong VATP Crypto Fraud

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-29 @ 12:00:16 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21415789

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 5 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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Publisher ID: #105

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