Ikhomishini Yezokuphepha Nekusasa LaseHong Kong (SFC) inakho
ikhale i-alamu ngokumelene nezinkundla ezimbili zokuhweba ezingabazisayo, i-HKCEXP ne-EDY, namuhla (ngoMsombuluko).
Esitatimendeni esisemthethweni esikhishwe kusizindalwazi sayo, i-SFC ixwayise abatshalizimali
about engaging with these platforms, citing suspicions of fraudulent
imisebenzi.
According to the SFC, EDY is purported to be a virtual asset
trading platform, falsely claiming affiliation with a financial institution in
Hong Kong and a digital token system developed by another financial
institution. However, investigations have revealed no such associations exist.
Moreover, investors have lodged complaints stating they encountered
difficulties withdrawing funds from the platform post deposits, indicating
potential malpractices.
EDY, Source: SFC
Similarly, HKCEXP, another entity claiming to be a virtual
impahla indawo yokuhweba , allegedly operates with a fake Hong Kong address and
has misrepresented itself as an “SFC-registered company.” Investors
have reported instances where they were coerced into paying exorbitant fees
under the guise of “taxes” to facilitate withdrawals.
HKCEXP, Source: SFC
I-Hong Kong SFC Ixwayisa Umphakathi ngokumelene ne-HKCEXP Ngezinsolo Zokukhwabanisa Kwe-Crypto https://t.co/zqF7VdVEsC pic.twitter.com/RU6ERh7gkr
- I-Coinspeaker (@coinspeaker) Mashi 25, 2024
In response to these alerts, the I-SFC advises investors to
refrain from dealing with these platforms and to report any suspicious
activities to the regulator promptly. They emphasize the importance of
verifying the legitimacy of trading platforms and ensuring ukulandelwa nge
regulatory requirements before making any investment decisions.
SFC Warning on Bybit’s Unlicensed Offerings
The SFC issued a warning to investors regarding I-Bybit
and its offerings in the cryptocurrency space, njengoba kubikiwe Ezezimali
Izibungu earlier. Bybit, a cryptocurrency exchange, lacks the necessary
licensing, posing risks to investors. The SFC identified 11 of Bybit’s products
as potentially suspicious investments, including futures contracts, options,
leveraged tokens, and other crypto-related services.
These products have been marketed to investors in Hong Kong
without proper authorization, exposing them to significant financial risks.
Dealing with crypto-related products in Hong Kong is regulated, requiring
entities to obtain licensing from the SFC.
Ikhomishini Yezokuphepha Nekusasa LaseHong Kong (SFC) inakho
ikhale i-alamu ngokumelene nezinkundla ezimbili zokuhweba ezingabazisayo, i-HKCEXP ne-EDY, namuhla (ngoMsombuluko).
Esitatimendeni esisemthethweni esikhishwe kusizindalwazi sayo, i-SFC ixwayise abatshalizimali
about engaging with these platforms, citing suspicions of fraudulent
imisebenzi.
According to the SFC, EDY is purported to be a virtual asset
trading platform, falsely claiming affiliation with a financial institution in
Hong Kong and a digital token system developed by another financial
institution. However, investigations have revealed no such associations exist.
Moreover, investors have lodged complaints stating they encountered
difficulties withdrawing funds from the platform post deposits, indicating
potential malpractices.
EDY, Source: SFC
Similarly, HKCEXP, another entity claiming to be a virtual
impahla indawo yokuhweba , allegedly operates with a fake Hong Kong address and
has misrepresented itself as an “SFC-registered company.” Investors
have reported instances where they were coerced into paying exorbitant fees
under the guise of “taxes” to facilitate withdrawals.
HKCEXP, Source: SFC
I-Hong Kong SFC Ixwayisa Umphakathi ngokumelene ne-HKCEXP Ngezinsolo Zokukhwabanisa Kwe-Crypto https://t.co/zqF7VdVEsC pic.twitter.com/RU6ERh7gkr
- I-Coinspeaker (@coinspeaker) Mashi 25, 2024
In response to these alerts, the I-SFC advises investors to
refrain from dealing with these platforms and to report any suspicious
activities to the regulator promptly. They emphasize the importance of
verifying the legitimacy of trading platforms and ensuring ukulandelwa nge
regulatory requirements before making any investment decisions.
SFC Warning on Bybit’s Unlicensed Offerings
The SFC issued a warning to investors regarding I-Bybit
and its offerings in the cryptocurrency space, njengoba kubikiwe Ezezimali
Izibungu earlier. Bybit, a cryptocurrency exchange, lacks the necessary
licensing, posing risks to investors. The SFC identified 11 of Bybit’s products
as potentially suspicious investments, including futures contracts, options,
leveraged tokens, and other crypto-related services.
These products have been marketed to investors in Hong Kong
without proper authorization, exposing them to significant financial risks.
Dealing with crypto-related products in Hong Kong is regulated, requiring
entities to obtain licensing from the SFC.
- I-SEO Powered Content & PR Distribution. Khuliswa Namuhla.
- I-PlatoData.Network Vertical Generative Ai. Zinike Amandla. Finyelela Lapha.
- I-PlatoAiStream. I-Web3 Intelligence. Ulwazi Lukhulisiwe. Finyelela Lapha.
- I-PlatoESG. Ikhabhoni, I-CleanTech, Amandla, Environment, Ilanga, Ukuphathwa Kwemfucuza. Finyelela Lapha.
- I-PlatoHealth. I-Biotech kanye ne-Clinical Trials Intelligence. Finyelela Lapha.
- Source: https://www.financemagnates.com//cryptocurrency/sfc-warns-against-fraudulent-crypto-exchanges-in-hong-kong/
