Hong Kong SFC Flags 7 Unregulated Crypto Exchanges For Noncompliance

Quick Summary:

The Securities and Futures Commission of Hong Kong (SFC) issued alerts against seven crypto trading platforms for illegally operating in the region without operational licenses.

The Hong Kong SFC manages public records of all registered, unregistered and illegal crypto trading entities to reduce risks related to scams and fraud.

After the deadline, all cryptocurrency exchanges that failed to apply for an operational license were legally required to shut down.

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Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaCanadaHong Kong

Topics: News Latest News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 07:44:47 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 332 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 16 words per sentence (average)

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

Copyright Owner: © BitcoinWorld

News ID: 21649044

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 32 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 10 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

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