The Hong Kong Securities and Futures Commission (SFC) today issued a warning to the public regarding unlicensed virtual asset trading platform (VATP) International Standard Carbon Assets Technology Co., Limited which is also known as “iSCAT” or “iSCAT Exchange”.
“iSCAT” and/or “iSCAT Exchange”, which has not been licensed by the SFC, had purported to be a VATP operating in Hong Kong. It claimed to provide cryptocurrency trading services and used social media platforms to refer investors to its website and mobile application for investment in cryptocurrencies.
“iSCAT” and/or “iSCAT Exchange” refers to a purported VATP operating at hxxps:// www.iscatex[.]com and the mobile application “iSCAT Exchange”.
Under the Securities and Futures Ordinance (SFO) and the Anti-Money Laundering…
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