Hong Kong regulator will release lists of legitimate and suspicious crypto trading platforms operating in the country.
The ringleaders behind JPEX were still at large.
In the wake of the JPEX scandal, the Hong Kong financial regulator will reveal a list of firms that have filed for retail crypto trading licenses launched recently. It will also reveal a list of suspicious crypto trading platforms.a statement on 25 September about the directives. The SFC said in its statement that it will publish lists of licensed virtual asset trading platforms , of closing-down VATPs, and of VATPs deemed to be licensed as of 1 June 2024. In addition, it will also publish a list of VATP applicants “in light of public demand.”
The regulator said it’s taking these actions in order to help the public become more aware. They will be able to easily identify suspicious crypto firms operating in Hong Kong and distinguish them from legitimate firms.that the ringleaders behind the JPEX crypto scam were still at large. So far, the Hong Kong police have taken 11 individuals into custody in relation to the scam.
Local police are now enlisting the help of Interpol and other international enforcement agencies after they identified crypto funds being suspiciously transferred from the JPEX exchange.On 13 September, the SFCthat none of the entities under the JPEX Group have secured a crypto license. Further, the exchange did not apply to run a regulated virtual asset trading platform VATP. At that point of time, the exchange denied the regulator’s claims in strong words.their support from the exchange.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The chairman of Hong Kong's leading journalist group found guilty of obstructing a police officerHONG KONG (AP) — The chairman of Hong Kong’s leading journalist group was found guilty of obstructing a police officer on Monday in a court case that sparked concerns about the city's declining press freedom. Ronson Chan, chairman of the Hong Kong Journalists Association and a journalist of online news outlet Channel C, was arrested last September while he was on his way to a reporting assignment. He was accused of refusing to show the plainclothes officer his identity card upon request. Chan's
Read more »
Hong Kong crypto firm hit by $200 million hackBy Elizabeth Howcroft LONDON (Reuters) - Hackers stole around $200 million from crypto firm Mixin early on Saturday, the company said on social media ...
Read more »
China bans Nomura senior investment banker from leaving mainland -sourcesHONG KONG (Reuters) - Authorities in China have ordered a senior Nomura Holdings banker overseeing the firm's investment banking operations there not ...
Read more »
Evergrande's debt revamp roadblock hits China property investors' sentimentHONG KONG (Reuters) -China Evergrande Group's latest trouble in firming up a long-pending debt restructuring plan led to a sell-off in its and peers' ...
Read more »
Evergrande shares sink after saying it is unable to issue new debtHONG KONG (Reuters) - Shares of China Evergrande plunged as much as 24% on Monday after the embattled developer said it was unable to issue new debt ...
Read more »
China bans Nomura senior investment banker from leaving mainland -sourcesAuthorities in China have ordered a senior Nomura Holdings banker overseeing the firm's investment banking operations there not to leave the mainland, two sources with knowledge of the matter said. Charles Wang Zhonghe, China investment banking chairman at Nomura, is prohibited from travelling outside the mainland, said the sources, who sought anonymity as they were not authorised to speak to media. Wang was based in Hong Kong, his LinkedIn profile showed, though his nationality was not immediately known.
Read more »