The Hong Kong Securities and Futures Commission has today included MEXC in the alert list of suspicious virtual asset trading platforms

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) today issued a warning, reminding the public to be cautious of a suspected unlicensed virtual asset trading platform named "MEXC." Although MEXC actively promotes its services to Hong Kong investors, it has not obtained a license or applied for a license from the SFC to operate a virtual asset trading platform in Hong Kong.

According to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, operating virtual asset service businesses without a license in Hong Kong or actively promoting related services to Hong Kong investors constitutes a criminal offense. The SFC has today included MEXC and its website on the list of suspicious virtual asset trading platforms and has once again warned investors of the risks, pointing out the potential losses that may arise from trading virtual assets on unregulated platforms. The SFC stated that it will take decisive enforcement action against unlicensed platforms when appropriate.