The Hong Kong Securities and Futures Commission will add to the list of virtual asset trading platform applications, currently there are only 4 applications in progress

ChainCatcher news, according to the Hong Kong Economic Journal, the unlicensed cryptocurrency trading platform JPEX has been warned by the Hong Kong Securities and Futures Commission since September 13 and referred to the police for handling. The police have received over 2,300 reports, involving amounts exceeding HKD 1.4 billion.

In response, the CEO of the Hong Kong Securities and Futures Commission, Ashley Alder, announced that a new list of virtual asset trading platforms will be added for investors to monitor whether the platforms have made false statements. Currently, there are only four platforms on the list, and it is emphasized that these platforms remain unregulated until they are officially licensed, to avoid giving investors a false sense of security.

The head of the FinTech Group, Wong Lok-yan, stated that the list is to inform investors whether trading platforms have made false representations in their licensing applications. It is also emphasized that all trading platforms on the list are only in the process of applying for licenses and have not yet been granted licenses. If investors wish to trade, they should refer to the list of licensed trading platforms provided by the Securities and Futures Commission.