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The Hong Kong Securities and Futures Commission has listed the "Hong Kong Stablecoin Exchange" on its watchlist of suspicious virtual asset trading platforms
By: theblockbeats.news|2025/12/16 20:16:06
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BlockBeats News, December 16, the Securities and Futures Commission of Hong Kong announced that it has included the "Hong Kong Stablecoin Exchange" in its list of suspicious virtual asset trading platforms. The Hong Kong SFC stated that the entity operating the virtual asset trading platform in question is suspected of conducting unlicensed activities/ engaging in virtual asset-related fraudulent activities. The entity also falsely claimed that it was established jointly by the "Hong Kong Stock Exchange, Hong Kong Futures Exchange, and Hong Kong Exchanges and Clearing Limited (HKEX)," when in fact it has no connection with any of the three.
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