#Hong Kong Securities and Futures Commission names iSCAT#
Hot Topic Overview
Overview
The Hong Kong Securities and Futures Commission (SFC) has recently named iSCAT as a suspicious virtual asset trading platform and published a list of 11 fraudulent virtual asset trading websites. iSCAT claims to have operated in Hong Kong, providing cryptocurrency trading services, but in fact has not been licensed by the SFC. Its operation of regulated activities or provision of virtual asset services in Hong Kong is illegal. The SFC has added iSCAT and related websites to its list of suspicious virtual asset trading platforms on January 10, 2025, and has warned the public to be wary of the platform.
Ace Hot Topic Analysis
Analysis
The Hong Kong Securities and Futures Commission (SFC) has recently named iSCAT as a suspicious virtual asset trading platform and published a list of 11 fraudulent virtual asset trading websites. iSCAT, or International Standard Carbon Asset Technology Limited, claims to operate in Hong Kong and provides cryptocurrency trading services. It promotes its website and mobile application to investors through social media. However, the SFC has pointed out that iSCAT is not licensed by the SFC and it is illegal to operate regulated activities or provide virtual asset services in Hong Kong without a license. The SFC has added iSCAT and its related websites to its list of suspicious virtual asset trading platforms on January 10, 2025, and has warned the public to be wary of the platform. In addition, the SFC has also published a list of 11 fraudulent websites that were reported by Hash Blockchain Limited, a licensed virtual asset trading platform. The SFC reminds investors to choose platforms licensed by the SFC when investing in virtual assets and to be aware of the risks of fraud.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
iSCAT is an unlicensed virtual asset trading platform operating in Hong Kong and providing cryptocurrency trading services.
iSCAT promotes investor access to its website and mobile application for investment through social media.
iSCAT operates regulated activities or provides virtual asset services in Hong Kong without a license, in violation of the Securities and Futures Ordinance and the Anti-Money Laundering and Terrorist Financing (Amendment) Ordinance.
The Hong Kong Securities and Futures Commission has included iSCAT in its list of suspicious virtual asset trading platforms and has warned the public to be wary.