#Hong Kong Securities and Futures Commission names iSCAT#
Hot Topic Overview
Overview
The Securities and Futures Commission (SFC) of Hong Kong has recently named iSCAT as a suspected virtual asset trading platform. iSCAT claims to operate in Hong Kong and provide cryptocurrency trading services, but it has not actually obtained a license from the SFC. Its operation of regulated activities or provision of virtual asset services in Hong Kong is illegal. The SFC has added iSCAT and its related websites to the list of suspected virtual asset trading platforms on January 10, 2025, and reminded the public to be vigilant. In addition, the SFC has also published a list of 11 fraudulent virtual asset trading websites reported by the licensed virtual asset trading platform Hash Blockchain Limited.
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 claims to have operated in Hong Kong, providing cryptocurrency trading services and promoting investor access to its website and mobile application through social media. However, the platform has not been licensed by the SFC. Under Hong Kong law, it is illegal to operate regulated activities or provide virtual asset services in Hong Kong without a license. The SFC added "iSCAT" and its related websites to its list of suspicious virtual asset trading platforms on January 10, 2025, and reminded the public to be wary of the platform to avoid financial losses. In addition, the SFC has published a list of 11 fraudulent virtual asset trading websites, reminding investors to choose trading platforms carefully to avoid being scammed.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
iSCAT is an unlicensed virtual asset trading platform. It is illegal to operate regulated activities or provide virtual asset services in Hong Kong.
iSCAT claims to have operated in Hong Kong, providing cryptocurrency trading services, and promoted investors to visit its website and mobile application for investment through social media.
The Hong Kong Securities and Futures Commission (SFC) has added "iSCAT" and related websites to its list of suspected virtual asset trading platforms on January 10, 2025.
The SFC warns the public to be wary of iSCAT and has published a list of 11 fraudulent virtual asset trading websites.