Hong Kong’s Securities and Futures Commission (SFC) today issued a warning against a purported virtual asset trading platform (VATP) known as “MEXC”.
MEXC, which is actively promoting its services to Hong Kong investors, has neither been licensed by the SFC nor applied to the SFC for a licence to operate a VATP in Hong Kong.
Under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, it is an offence to carry on a business of providing a virtual asset service (ie, operating a virtual asset exchange) in Hong Kong and/or actively market such services to Hong Kong investors without a licence.
The SFC added MEXC and its website on the Suspicious Virtual Asset Trading Platforms Alert List on 15 March 2024.
The regulator cautions investors against trading virtual assets on an unregulated…
Read More
