• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

After the JPEX scandal, Hong Kong announced a listing of cryptocurrency exchanges applying for working licenses

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Furthermore, the Hong Kong Securities and Derivatives Commission (SFC) will also publish a committed listing of suspicious trading platforms.


After the JPEX scandal, Hong Kong announced a listing of cryptocurrency exchanges applying for working licenses. Photo: South China Morning Post

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Blast's operating model faces opposition from the Paradigm investment fund itself

Blast’s working model faces opposition from the Paradigm investment fund itself

November 27, 2023

According to the announcement on September 25, 2023, SFC stated it will publish the “List of Authorized Virtual Asset Trading Platforms (VATPs), “The List of Closed VATPs” with a particular time time period. Specifically, “The list of VATPs considered authorized that will be operational from 1 June 2024” and “List of organizations applying for the PIVA license”.

In response to the JPEX incident that could grow to be the biggest fraud situation in Hong Kong historical past, the Hong Kong SFC held a press conference now to announce a distinctive blacklist of suspicious cryptocurrency trading platforms and cooperate with the police to get legal action towards…

— Wu Blockchain (@WuBlockchain) September 25, 2023

“To help the public easily identify suspicious VAT Parties operating in Hong Kong and raise awareness, the SFC will enhance and publish a special list of Suspicious VAT Parties, easily accessible and prominently displayed on the SFC website.”

Ms Elizabeth Wong, director of licensing and head of fintech at the SFC, stated publishing the listing of claimants will let the public to closely examine no matter whether a platform is claiming licensing discrepancies or not.

Furthermore, in a separate interview with regional media channel RTHK, SFC’s director of licensing also stated disclosure Currently, there are four businesses in the method of applying for the license: HKVAX, HKBitEx, Hong Kong BGE Limited and Victory Securities.

After two months of implementing the “open” policy with cryptocurrencies, so far there are only two exchanges authorized to present cryptocurrency trading in Hong Kong for personal traders, HashKey and OSL. Other significant names like OKX, Huobi,… have also utilized for licenses and are waiting for success from SFC.

This action comes just after the JPEX scandal in Hong Kong led to the arrest of a associated KOL. As Coinlive SFC has reportedly not charged any JPEX Group unit with possessing the agency’s license, so the exchange is working illegally in Hong Kong. After obtaining the warning, JPEX modified its operations and trading policies, notably rising the withdrawal charge to 980 USDT and the greatest withdrawal restrict to one,000 USD.

The SFC’s most recent move aims to maximize data dissemination and investor schooling on virtual asset trading platforms. By executing so, the public will conveniently determine suspicious sites and trading platforms and superior comprehend the likely hazards.

Coinlive compiled

Maybe you happen to be interested:

Join the discussion on the hottest challenges in the DeFi industry in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!!

Tags: announcedapplyingCryptocurrencyExchangesHongJPEXJPEX scandalKonglicenseslistList of cryptocurrency exchanges requiring operating licensesoperatingScandalSFC Hong Kong
Share76Tweet47

Related Posts

Metaplanet Acquires 1,111 BTC, Portfolio Surpasses $1.1 Billion

by shark
June 24, 2025
0

Metaplanet Inc. acquires 1,111 BTC for $118 million, bringing total holdings to 11,111 BTC, valued over $1.1 billion.

Sequans Allocates $384M for Bitcoin Treasury Strategy

by shark
June 24, 2025
0

French firm Sequans Communications to allocate $384 million to bitcoin treasury, led by CEO Georges Karam.

Kazakhstan Establishes Solana Economic Zone for Crypto Growth

by shark
June 24, 2025
0

Kazakhstan creates Central Asia's first Solana Economic Zone to enhance its crypto hub goals.

Cryptocurrency Sites Cointelegraph, CoinMarketCap Exploited by Hackers

by shark
June 24, 2025
0

Cointelegraph and CoinMarketCap experienced cyberattacks over the weekend, emphasizing the need for tighter security protocols.

BlackRock Drives $1B Bitcoin ETF Inflows in June 2025

by shark
June 24, 2025
0

BlackRock's IBIT spot Bitcoin ETF leads $1.02 billion net inflows from June 16-20, 2025.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Metaplanet Acquires 1,111 BTC, Portfolio Surpasses $1.1 Billion
  • Top Bullish Crypto for 2025: Web3 ai, TRX, TON, ATOM
  • BNB Eyes $700, SHIB Prepares for 17% Breakout, & Unstaked Secures $10.4M in Presale
  • Sequans Allocates $384M for Bitcoin Treasury Strategy
  • Kazakhstan Establishes Solana Economic Zone for Crypto Growth
  • Cryptocurrency Sites Cointelegraph, CoinMarketCap Exploited by Hackers
  • BlackRock Drives $1B Bitcoin ETF Inflows in June 2025
  • Metaplanet Increases Bitcoin Holdings by 1,111 BTC
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7