JUST IN:๐ญ๐ฐHong Kong (SFC) today held a press conference today to announce a blacklist of suspicious cryptocurrency trading platforms following the JPEX hack
๐ฅWhy This Happened๐
โฉ The JPEX hack may turn out to be one of the largest in Hong Kong history
โฉ1,400 complaints were made to SFC following the JPEX hack estimated to be worth $166m $USD
โฉ Following public pressure SFC will publish a list of licensed virtual asset trading platforms (VATPs)
โฉ Many platforms are claiming to be registered but have only applied and have not been granted approval
โฉ Only two companies have been granted a license so far OSL and Hashkey
โฉ Also only four institutions have applied for licenses, HKVAX, HKBitEx, Hong Kong BGE Limited and Victory Fintech Company Limited (all Hong Kong local)
โฉ If you enjoyed this post please consider reposting it to spread the word. Thank you๐
#crypto #bitcoin #HongKong #JPEX $BTC #China
๐ฅWhy This Happened๐
โฉ The JPEX hack may turn out to be one of the largest in Hong Kong history
โฉ1,400 complaints were made to SFC following the JPEX hack estimated to be worth $166m $USD
โฉ Following public pressure SFC will publish a list of licensed virtual asset trading platforms (VATPs)
โฉ Many platforms are claiming to be registered but have only applied and have not been granted approval
โฉ Only two companies have been granted a license so far OSL and Hashkey
โฉ Also only four institutions have applied for licenses, HKVAX, HKBitEx, Hong Kong BGE Limited and Victory Fintech Company Limited (all Hong Kong local)
โฉ If you enjoyed this post please consider reposting it to spread the word. Thank you๐
#crypto #bitcoin #HongKong #JPEX $BTC #China