The Securities and Futures Commission (SFC) of Hong Kong today warned the public of entities suspected of virtual asset-related fraudulent activities and/or operating virtual asset trading platform (VATP) in Hong Kong without a licence.
Tokencan – a purported VATP operated in Hong Kong without a licence which claims to provide cryptocurrency trading services and uses social media platforms to refer investors to its websites for investment in cryptocurrencies. It provided the SFC with false information and falsely claimed it had filed a licence application with the SFC. Investors reported withdrawal issues and their accounts were frozen subsequently.
VBIT Exchange – an entity suspected of actively marketing its purported VATP services to Hong Kong investors without a licence, and falsely claimed to be regulated by authorities in various jurisdictions on its website.
