#Hong Kong Securities and Futures Commission names iSCAT#

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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 reminds the public to be wary of iSCAT and its related websites, and emphasizes that operating a virtual asset exchange in Hong Kong requires a license, otherwise legal sanctions will be imposed.

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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 promoted investors to visit its website and mobile application for investment through social media. However, the platform has not been licensed by the SFC. According to Hong Kong's relevant laws and regulations, it is illegal to operate regulated activities or provide virtual asset services in Hong Kong without a license. The SFC reminds the public to be wary of iSCAT and advises investors to only trade on virtual asset trading platforms licensed by the SFC to protect their funds.

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iSCAT is an unlicensed virtual asset trading platform operating in Hong Kong and providing cryptocurrency trading services.

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iSCAT promotes its website and app through social media platforms to induce investors to invest in cryptocurrencies.

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iSCAT is not licensed by the Securities and Futures Commission (SFC) of Hong Kong, and it is illegal to operate regulated activities or provide virtual asset services in Hong Kong without a license.

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The SFC has included iSCAT in its list of suspicious virtual asset trading platforms and has reminded the public to be wary of the platform.

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