{"id":20812,"date":"2023-08-07T18:52:32","date_gmt":"2023-08-07T18:52:32","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-securities-regulator-warns-of-criminal-activity-by-unlicensed-exchanges\/"},"modified":"2023-08-07T18:52:33","modified_gmt":"2023-08-07T18:52:33","slug":"hong-kong-securities-regulator-warns-of-criminal-activity-by-unlicensed-exchanges","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/hong-kong-securities-regulator-warns-of-criminal-activity-by-unlicensed-exchanges\/","title":{"rendered":"Hong Kong securities regulator warns of ‘criminal’ activity by unlicensed exchanges"},"content":{"rendered":"
The Securities and Futures Commission (SFC) of Hong Kong issued a notice about unlicensed virtual asset trading platforms \u201cengaging in improper practices\u201d, warning of potential criminal charges.<\/p>\n
In an Aug. 7 notice, the SFC said certain trading firms had falsely claimed to have submitted applications for licenses in Hong Kong. The securities regulator said should the companies actually apply to operate legally in the special administrative region, it would consider any false statements as well as possible criminal charges.<\/p>\n