Hong Kong Regulator Warns About Unregulated Cryptocurrency Trading Platforms and Binance
Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about unregulated cryptocurrency trading platforms, particularly Binance. The regulator said that the crypto exchange is offering the trading of “stock tokens.”
The SFC issued a statement Friday warning the public about unregulated crypto trading platforms. The regulator addressed Binance in particular, stating that the global crypto exchange may be offering trading services in “stock tokens” to Hong Kong investors. The SFC detailed:
The SFC wishes to make it clear that no entity in the Binance group is licensed or registered to conduct ‘regulated activity’ in Hong Kong.
HK watchdog says Binance not licensed to conduct any regulated activity in the city
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Hong Kong watchdog says Binance not licensed to sell stock tokens in city
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Hong Kong watchdog says Binance not licensed to sell stock tokens in city
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