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HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs
The HKPF and SFC have formed a joint working group to enhance monitoring and investigation of illegal activities related to VATPs. The group aims to facilitate information sharing, assess risks, and collaborate on investigations. The move comes amid ongoing investigations into the unlicensed operations of the Dubai-based JPEX exchange.
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Hong Kong's SFC Warns of Improper Practices by Unlicensed Virtual Asset Trading Platforms
The Hong Kong Securities and Futures Commission (SFC) has warned against unlicensed virtual asset trading platforms (VATPs) engaging in improper practices, including false licensing claims and non-compliance with regulations.