Hong Kong Tightens Grip on Unregulated Crypto Exchanges
Following an incident with the crypto exchange JPEX, Hong Kong’s Securities and Futures Commission (SFC) is prioritizing the regulation of Virtual Asset Trading Platforms (VATP) to bolster market confidence and mitigate risks.
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The SFC is set to disclose a list of licensed VATPs to help the public identify unregulated crypto exchanges.
The regulator will also publish a distinct list of questionable platforms, ensuring it is readily accessible and visibly marked on the website.
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