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CryptoCurrency
SFC Warns against Fraudulent Crypto Exchanges in Hong Kong
Two trading platforms, HKCEXP and EDY, have raised alarms with the SFC.
The firms are accused of falsely claiming affiliation and misrepresenting regulatory registration.
Monday, 25/03/2024 | 16:38 GMT
by
Tareq Sikder
CryptoCurrency
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
Retail FX
Doo Financial Expands Hong Kong Footprint with Securities Trading License
HK regulator approves Doo Financial for securities dealing, boosting its regional presence.
In the meantime, the company opened a new office in Dubai.
Friday, 15/03/2024 | 08:06 GMT
by
Damian Chmiel
CryptoCurrency
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
CryptoCurrency
Hong Kong Flags "Floki" and "TokenFi" Staking Programs
These programs promise annual returns ranging from 30% to over 100%.
Administrators of these programs have allegedly failed to explain the feasibility of these high returns.
Friday, 26/01/2024 | 12:47 GMT
by
Jared Kirui
Retail FX
Hong Kong's SFC Presents Three-Year Strategy, Focusing on Tokenization
Hong Kong SFC's 2024-2026 plan focuses on market resilience and global finance innovation.
The strategy includes tokenizing assets and better controlling cryptocurrencies.
Tuesday, 23/01/2024 | 09:53 GMT
by
Damian Chmiel
Retail FX
Regulators on High Alert: FCA, SFC, and FSC Issue New Warnings
New entities flagged for lacking investment service licenses.
Regulators like FCA, SFC, and FSC stay active, updating warning lists daily.
Wednesday, 20/12/2023 | 11:23 GMT
by
Damian Chmiel
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Retail FX
News Nuggets | 7 December: CySEC Fines 3 Companies; Nasdaq Appoints New Director
Also, SoFi to pay FINRA fine; KPMG explores merger of the UK and Swiss businesses.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 07/12/2023 | 10:39 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 6 December: Capital.com Hires New CSO; Robinhood Adds 135 Symbols
FCA warns against Christmas fraud; GSTechnologies purchases Semnet.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 06/12/2023 | 11:04 GMT
by
Damian Chmiel
CryptoCurrency
Interactive Brokers Hong Kong Enters Retail Crypto Trading Arena
The brokerage giant has obtained a crypto trading license in Hong Kong.
Interactive Brokers joined Victory Securities in securing the SFC's approval.
Friday, 24/11/2023 | 20:13 GMT
by
Jared Kirui
Retail FX
News Nuggets | 23 November: eToro Presents New Products; Mercer to Pay $12M Penalty
Also, ASIC secures undertaking from iExtend; SFC initiates legal action against AMTD.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Thursday, 23/11/2023 | 10:27 GMT
by
Damian Chmiel
Retail FX
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
Retail FX
News Nuggets | 7 November: Acuity Adds New MT Feature; eToro Presents SpaceTech Portfolio
Also, Travelex appoints a new Global Retail Director; Broadridge introduces AI-enabled tools.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 07/11/2023 | 10:31 GMT
by
Damian Chmiel
Retail FX
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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CryptoCurrency
Is Crypto Now for Pros Only? Hong Kongs Leaves Investors Guessing
Hong Kong's SFC and HKMA revise guidelines on intermediaries' virtual asset activities.
The newest circular sends mixed signals to the crypto industry.
Monday, 23/10/2023 | 08:18 GMT
by
Damian Chmiel
CryptoCurrency
SFC and Hong Kong Police Collaborate on Monitoring Virtual Asset Trading Platforms
The working group was formed following a high-level meeting between the two organizations.
The partnership underscores the commitment to safeguarding investors.
Wednesday, 04/10/2023 | 12:44 GMT
by
Tareq Sikder
CryptoCurrency
JPEX Scandal Pushes Hong Kong's SFC to Roll Out New Crypto Rules
Hong Kong's SFC presents new initiatives to protect investors after the JPEX scandal.
Over 1,400 complaints have been lodged, implicating almost $130 million in losses.
Tuesday, 26/09/2023 | 10:29 GMT
by
Damian Chmiel
CryptoCurrency
JPEX's Legal Woes Could Signal Trouble for Hong Kong Crypto
HK authorities have arrested six people linked to an unlicensed cryptocurrency exchange.
The SFC has flagged complaints against JPEX involving more than $127.9 million in losses.
Tuesday, 19/09/2023 | 08:50 GMT
by
Damian Chmiel
Retail FX
News Nuggets | 13 September: SEC Charges Virtu, YieldStreet; HK Warns against Crypto Firm
Also, Frangou leaves payabl.; Simpson joins Broadridge; TS Imagine partners with eflow.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Wednesday, 13/09/2023 | 09:32 GMT
by
Finance Magnates Staff
Institutional FX
Mainland China and Hong Kong to Bolster Stock Connect with Block Trading
Stock Connect, a cross-border shares trading channel, was introduced in 2014.
Earlier, CSRC and SFC signed an MoU on cross-border stock listing.
Friday, 11/08/2023 | 14:31 GMT
by
Solomon Oladipupo
CryptoCurrency
Hong Kong Raises Alarm on Crypto Platforms Just Two Months after Easing Regulations
The SFC warns about unlicensed crypto trading providers engaging in misleading practices.
Investors are urged to avoid trading via unregulated platforms.
Monday, 07/08/2023 | 10:39 GMT
by
Damian Chmiel
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Institutional FX
HK Regulator Imposes Life Ban on Financial Firms Director
Xie Yangxiong was working for Wansom AM and Wansom Securities.
He used companies' funds for personal expenditure.
Tuesday, 06/06/2023 | 10:48 GMT
by
Damian Chmiel
Retail FX
Hong Kong’s SFC Charges 24 in Ramp-and-Dump Stock Investment Schemes
The SFC froze $650M belonging to some suspected syndicate members.
The watchdog arraigned 14 suspected members in Sept. and Nov. last year.
Friday, 21/04/2023 | 14:40 GMT
by
Solomon Oladipupo
CryptoCurrency
Gate.io Crypto Exchange Confirms its SFC License Application
Gate.io applied for an SFC license and wants to obtain VASP authorization.
In addition, the crypto exchange launched a new product dubbed Gate Wealth.
Tuesday, 11/04/2023 | 08:36 GMT
by
Damian Chmiel
Institutional FX
SFC Slaps City International Futures with $100,000 Fine for Regulatory Breaches
The SFC took into account many mitigating factors when imposing the penalty.
However, the regulator wanted to convey that such failures are unacceptable.
Thursday, 09/03/2023 | 10:06 GMT
by
Damian Chmiel
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