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Interactive Brokers Caught in Hong Kong's $91M Trading Freeze
- Hong Kong's SFC freezes assets across four brokers, including Interactive Brokers, due to suspected market manipulation and account hacking.
- According to the regulator, the unauthorized activities occurred between Oct 24 and Nov 6.
Thursday, 21/11/2024 | 08:47 GMT by
Damian Chmiel
11 Crypto Platforms Under Review as Hong Kong Faces Criticism on Strict Regulations
- The SFC plans to approve more cryptocurrency exchanges in Hong Kong by the end of 2024.
- Despite efforts to attract major players, OKX and Bybit withdrew their applications.
Tuesday, 08/10/2024 | 08:40 GMT by
Tareq Sikder
Hong Kong's Crypto Licensing Faces Hurdles as 11 Exchanges under Review
- The SFC found issues in several platforms, including cybersecurity and reliance on executives for asset custody.
- Full licenses are expected by late 2024, but non-compliant firms may face rejection.
Thursday, 22/08/2024 | 09:46 GMT by
Tareq Sikder
Hong Kong Watchdog Fined Market Wrongdoers $49.9 Million in 2023/2024
- The agency is using new surveillance tools to crack down on financial crimes.
- It is also celebrating the 35th anniversary of its founding in response to a local stock market crisis.
Wednesday, 19/06/2024 | 07:48 GMT by
Damian Chmiel
SFC Issues New Crypto Regulations: 2 Platforms Licensed, 17 Await Approval
- As of June 1, OSL Digital Securities and Hash Blockchain are licensed crypto trading platforms.
- Several crypto exchanges, including OKX and Gate.hk, are ceasing operations in Hong Kong.
Monday, 03/06/2024 | 08:44 GMT by
Tareq Sikder
Strategy Straight from the Casino Promised 40% Monthly Profits: Regulator Warns
- Hong Kong’s financial regulator added PropCap to its alert list and issued a warning.
- The company offered high monthly returns on investments thanks to Martingale's strategy.
Monday, 08/04/2024 | 09:43 GMT by
Damian Chmiel
Hong Kong Warns against Unlicensed Crypto Exchange Sure X
- Sure X operates under the name "Sure Bit International Pte Ltd" or "Sure Bit International Ltd."
- The SFC warned that despite appearing inaccessible, investors might still find ways to access Sure X's websites and trading platform.
Friday, 05/04/2024 | 15:49 GMT by
Jared Kirui
SFC Alerts: MEXC Tiptoes on Thin Ice with Unlicensed Trading Platform
- MEXC has neither obtained a license from the SFC nor started the process to operate a VATP in Hong Kong.
- Earlier, the regulator issued a warning to investors regarding Bybit and its offerings.
Friday, 15/03/2024 | 10:49 GMT by
Tareq Sikder
Bybit under Scrutiny: Hong Kong's Regulator Warns Crypto Investors
- The products offered by the crypto exchange that have raised concerns include futures contracts and options.
- The SFC has vowed to take enforcement action against unlicensed crypto activities to protect investors.
Thursday, 14/03/2024 | 13:19 GMT by
Jared Kirui
News Nuggets | 22 November: ASIC Suspends AFS licence; SFC Fines Lion Futures $2.8 Million
- Also, Wedbush Securities appointed a new managing director, and BIS introduced a new data portal.
- Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 22/11/2023 | 11:15 GMT by
Damian Chmiel
News Nuggets | 31 October: XS.com Hires New Manager; Scope Markets Expands CFDs Portfolio
- Also, FCA takes action on BNPL contracts; NFA fines Oscar Gruss & Son and MFA Urges UK regulators to eliminate reduntant regulations.
- Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 31/10/2023 | 10:03 GMT by
Finance Magnates Staff
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