SECURITIES AND FUTURES COMMISSION

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    AML / KYC

    SFC Issues Fresh Warning Against Unlicensed Crypto Firm MEXC

    By Sanday Chongo Kabange | 18/03/2024

    This is the second warning the SFC has issued against MEXC. Regulators in Korea, Japan, India and Germany have also warned against MEXC.

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    Crypto / Digital Assets

    SFC Issues Warning Against Crypto Products from Bybit

    By Sanday Chongo Kabange | 15/03/2024

    The warning refers to the Seychelles company Bybit Fintech Limited, and not the HK-incorporated Spark Fintech Limited, which has applied for an SFC licence.

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    Crypto / Digital Assets

    Crypto Major OKX Wins In-principle Approval in Singapore

    By Ranamita Chakraborty | 14/03/2024

    OKX will focus on spot products first while it works to bring local banking connections to customers “as soon as possible”.

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    Market Infrastructure

    SFC Chairman Proposes Adjustment to Stock Connect Threshold

    By Editors | 11/03/2024

    SFC Chairman Tim Lui has asked mainland policymakers to lower the minimum asset requirement for mainlanders to invest in Hong Kong via Stock Connect.

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    Crypto / Digital Assets

    Hong Kong: More Clarity Needed on Proposed OTC Crypto Regime

    By Nithya Subramanian | 07/03/2024

    Clarity is needed on the scope of activities captured by the regime, how stablecoins will fit into the regime, and how professional investors will be treated.

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    Enforcement

    SFC, HKEX Jointly Take Action Against GEM-Listed Firm

    By Sanday Chongo Kabange | 06/03/2024

    Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.

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    Crypto / Digital Assets

    SFC Issues More Warnings About Suspected Crypto Frauds

    By Sanday Chongo Kabange | 05/03/2024

    BitForex, which disappeared with users’ funds last month, was added to the alert list, along with suspicious websites impersonating HashKey and OSL.

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    ESG / Sustainability

    Hong Kong Launches Prototype ‘Green Fintech Map’

    By Editors | 03/03/2024

    The Map is a directory of more than 50 green fintech firms so far, intended to help firms identify solutions that meet their business needs.

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    Crypto / Digital Assets

    SFC Issues Guidance on Disciplinary Process Under Virtual Assets Regime

    By Sanday Chongo Kabange | 01/03/2024

    The guide describes the SFC’s process for taking disciplinary action, what such action can entail, and who can be subject to such action.

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    Crypto / Digital Assets

    SFC Stops Accepting Licence Applications from Crypto Platforms

    By Manesh Samtani | 01/03/2024

    24 licence applicants are listed on the SFC’s website, including OKX, Crypto.com, Bybit, Bullish, Gate Group, Huobi and Matrixport.

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