Hong Kong Securities Supervision Commission adds Hong Kong Stablecoin Exchange to Suspicious Virtual Asset Trading Platform Alert List
2025-12-16 11:53:56
The Hong Kong Securities and Futures Commission has announced that it has added the Hong Kong Stablecoin Exchange to the Alert List of Suspicious Virtual Asset Trading Platforms. The Hong Kong Securities Supervision Commission said that the virtual asset trading platform that the entity claimed to operate was suspected of conducting unlicensed activities/engaging in virtual asset-related fraudulent activities, and the entity also falsely claimed that it was "jointly established by the three major trading platforms of the Hong Kong Stock Exchange, the Stock Exchange and the Futures Exchange in Hong Kong", which in fact had no connection with the three.
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