Close Menu
Cryprovideos
    What's Hot

    Billions in company buys can’t budge Bitcoin—5 causes the BTC worth gained’t transfer

    June 28, 2025

    Parsons Faculty of Design Introduces Runway-Built-in Course for Fall 2025

    June 28, 2025

    800K Bitcoin A Month: Lengthy-Time period Holders Gas Unprecedented Holding Spree

    June 28, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Crypto News»Hong Kong SFC Continues Crypto Oversight, Reveals Dozens of New Pretend Platforms
    Hong Kong SFC Continues Crypto Oversight, Reveals Dozens of New Pretend Platforms
    Crypto News

    Hong Kong SFC Continues Crypto Oversight, Reveals Dozens of New Pretend Platforms

    By Crypto EditorJanuary 30, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    In a serious improvement regarding crypto asset safety, Hong Kong’s Securities and Futures Fee (SFC) has flagged 33 new suspicious web sites falsely claiming to be affiliated with HashKey, a licensed cryptocurrency buying and selling platform within the area.

    This announcement will increase the variety of reported HashKey impersonators to 45. Based on the SFC, these fraudulent platforms used minor alterations in official hyperlinks related to HashKey in an try and deceive potential buyers.

    HashKey Response And Escalating Issues in Hong Kong Crypto Market

    HashKey, considered one of just a few SFC-approved crypto exchanges, was fast to disassociate itself from these fraudulent entities. In an official assertion, the alternate emphasised that it had no reference to the impersonation platforms, reinforcing the necessity for purchasers to confirm hyperlinks and stay cautious. The assertion learn:

    To mislead purchasers, fraudulent web sites will seem beneath totally different domains or with slight modifications or variations of the official HashKey Alternate web site handle www.hashkey.com by including a mixture of letters, numbers or symbols. HashKey Alternate declares that it has no reference to the aforementioned fraudulent web sites. The web sites are usually not affiliated with HashKey Alternate or its associates in any way. As such, we won’t settle for legal responsibility for any issues referring to the web sites.

    Notably, over the previous three years, the SFC has been actively monitoring the cryptocurrency market in Hong Kong, figuring out a minimum of 91 suspicious buying and selling platforms to this point.

    This concern is a part of a broader regulatory problem confronted by Hong Kong authorities because the native crypto market matures. The scenario echoes the current collapse of JPEX, a digital foreign money platform accused of working with out a license and defrauding round 2,000 buyers of 1.3 billion Hong Kong {dollars} (roughly $166 million).

    The burden of the scandal aftermath highlighted the significance of “rigorous oversight” and immediate motion in opposition to unlicensed operators.

    Hong Kong Points New Operational Licenses

    In the meantime, Hong Kong continues to broaden its regulated crypto ecosystem by introducing new operational licenses for digital asset platforms.

    Earlier this week, the SFC introduced the approval of two extra Hong Kong-based exchanges—PantherTrade and YAX—growing the full variety of licensed platforms by two because the regulator initiated its licensing program in 2024.

    Publicly out there data from the Hong Kong authorities verify that these newly licensed platforms are registered beneath the Anti-Cash Laundering and Counter-Terrorist Financing Ordinance (AMLO), which serves because the regulatory framework for digital asset buying and selling platforms within the area.

    Because the introduction of this regulatory measure in 2020, 10 crypto exchanges have acquired formal registrations, permitting them to function legally inside Hong Kong.

    Hong Kong SFC Continues Crypto Oversight, Reveals Dozens of New Pretend Platforms
    The worldwide digital foreign money market cap worth on the 1-day chart. Supply: Crypto TOTAL Market Cap on TradingView.com

    Featured picture created with DALL-E, Chart from TradingView



    Supply hyperlink

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Rising economies have sparked crypto’s most vital retail revolution but

    June 28, 2025

    Why is XRP Up Immediately? Catalyst Trio Sees Token Outperform Wider Crypto Market

    June 28, 2025

    Ripple Drops Cross-Attraction, Strikes to Finish SEC Case “As soon as and for All” – CryptoDnes EN

    June 28, 2025

    ‘If We Didn’t Have It, China Would’: Trump Expresses Help for US Crypto Trade, Dodges Query About His Private Holdings – The Every day Hodl

    June 28, 2025
    Latest Posts

    Billions in company buys can’t budge Bitcoin—5 causes the BTC worth gained’t transfer

    June 28, 2025

    800K Bitcoin A Month: Lengthy-Time period Holders Gas Unprecedented Holding Spree

    June 28, 2025

    How A lot Bitcoin Has Iran Mined? It's Difficult – Decrypt

    June 28, 2025

    Genius Group Eyes Bitcoin Buys Backed by Lawsuit Wins

    June 28, 2025

    How The IMF Prevents World Bitcoin Adoption (And Why They Do It)

    June 28, 2025

    Bitcoin Bulls Dominate Bybit – Taker Purchase/Promote Ratio Soars To 11.5 | Bitcoinist.com

    June 28, 2025

    Nasdaq Hits File Whereas Bitcoin, Gold Stay Underneath Strain After Newest Macro Information

    June 28, 2025

    Bitcoin Takes A Lot Of Stress Off The Greenback, Says Donald Trump

    June 28, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    Pump.enjoyable Plan Token Sale: Subsequent Greatest Crypto Presale To Purchase?

    June 4, 2025

    Appearing SEC Chair Uyeda Challenges Proposed Rule On Crypto Buying and selling Venues | Bitcoinist.com

    March 11, 2025

    HashKey Group Secures VASP Approval in Eire to Increase International Crypto Companies

    January 7, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.