Following the JPEX scandal in Hong Kong, the Hong Kong Securities and Futures Commission (SFC) announced it will reinforce information dissemination and investor education on virtual asset trading platforms (VATPs) to help the public identify suspicious websites and platforms and better understand the potential risks.
The SFC will publish multiple lists of VATPs, including a "List of licensed VATPs", a "List of closing-down VATPs" setting out the names of VATPs required by law to close down within a specified period, a "List of deemed licensed VATPs" consisting of the names of VATPs which are deemed to be licensed as of 1 June 2024, and a "List of VATP applicants". According to the latest disclosure, there are two licensed VATPs, OSL Exchange and HashKey Exchange, as well as four applicants, HKVAX, HKBitEx, Hong Kong BGE Limited, and Victory Securities.
In addition, the SFC will also issue a dedicated list of suspicious VATPs on its website.
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