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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.
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.
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”.
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.
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.
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.
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.
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.
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.
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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