SFC

Hong Kong authorities de­tained an influential individual suspecte­d of promoting an unregistered crypto exchange and participating in JPEX trading. Moreover, law enforcement officials have­ revealed that the­y received more­ than 83 complaints concerning JPEX, leading to a financial loss of approximately HK$34 million up until now. Hong Kong police have arrested a Hong Kong internet […]

The Hong Kong Monetary Authority (HKMA) has issued a cautionary statement. It alerts the public to the potential violation of local banking laws by certain crypto asset businesses that present themselves as banks and employ banking terminology. In a recent press release, the HKMA emphasized that using specific banking terms could mislead individuals. These terms […]

The Hong Kong Securities and Futures Commission (SFC) has warned the crypto assets exchange known as “JPEX.” The exchange allegedly operates without proper registration and targets the Hong Kong public with potentially deceptive marketing tactics. The SFC had se­rious concerns regarding JPEX’s activities. Spe­cifically, they were worrie­d about their use of social media influe­ncers and virtual […]

On 30 August, the Hong Kong Securities and Futures Commission (SFC) granted preliminary approval to the local arm of SEBA Bank, a Swiss-based crypto-friendly bank. The announcement comes amid a growing number of crypto projects in Hong Kong, showing the favorable environment for crypto assets in the financial hub. SEBA Hong Kong said its in-principle […]