The Securities and Futures Commission of Hong Kong will publish 4 lists of virtual assets and 1 list specifically targeting suspicious virtual asset trading platforms.

According to news on September 25, the Hong Kong Securities and Futures Commission will take a number of measures to strengthen information dissemination and investor education in response to recent public concerns about unregulated virtual trading platforms. CEO Liang Fengyi said that the China Securities Regulatory Commission will publish four lists of virtual assets online, including a list of licensed platforms, a list of completed platforms, a list of platforms deemed to be licensed, and a list of new applicants. Second, the China Securities Regulatory Commission will publish a list of suspicious virtual asset trading platforms to help the public become more alert to local platforms with unlicensed or suspicious operating practices. The China Securities Regulatory Commission will publish the relevant list on its website and consider providing more information about unregulated platforms. Virtual asset platform information allows the public to be alert as soon as possible. Liang Fengyi pointed out that the China Securities Regulatory Commission will jointly launch a series of publicity activities with the Investors and Financial Education Committee to increase the public’s awareness of fraud prevention, and strengthen investor education through the media, social media, lectures, etc., and deepen the public’s understanding of the risks related to virtual assets. Awareness of fraud. The SFC will also strengthen intelligence collection, follow up and take legal action against suspected illegal trading platforms. For example, if fraud is involved, it will be handed over to the police as soon as possible, and the public is encouraged to make complaints about suspicious activities through the SFC complaint form. The SFC will also discuss with the police the establishment of a special channel to share information on suspicious activities and irregularities on virtual asset trading platforms, and will continue to work closely with the SAR government to review the regulatory system from time to time in response to new market trends. Liang Fengyi reminded the public that the scam itself is difficult to detect in advance. The public should be highly vigilant, beware of high-interest traps, and should not trust the recommendations of online KOLs. If they want to invest, they should use a regulated virtual asset platform.