The Securities and Futures Commission of Hong Kong (SFC) has issued a warning about a dubious trading platform known as HKCEXP. This platform has been misleading investors by claiming affiliation with the regulatory body, despite not being registered with the SFC. The alert comes in the wake of the SFC’s announcement that cryptocurrency exchanges operating in Hong Kong had until February 29 to file for a mandatory operational license or cease operations by May 31. In response to this directive, the SFC received applications from 22 crypto trading platforms, which included four that had previously applied under a voluntary regime.
