SECURITIES AND FUTURES COMMISSION
Tse Tsun Wai Convicted and Fined for Unlicensed Activity
Tse Tsun Wai has been convicted and fined for engaging in unlicensed financial activities, according to the Securities and Futures Commission.
Three Ramp-and-Dump Cases Transferred to District Court
Three sophisticated ramp-and-dump cases have been transferred to the District Court, according to the Securities and Futures Commission (SFC).
HK SFC: Sentencing Adjourned in Market Manipulation Case
Sentencing in a significant market manipulation case has been postponed, according to the Securities and Futures Commission.
Hong Kong Embraces Virtual Asset Spot ETFs
Hong Kong is set to become the first market in Asia to allow Virtual Asset Spot ETFs, with around ten fund companies preparing for launch. This move signifies a major shift in the region's approach to virtual assets.
Hong Kong SFC Warns Against Crypto Entities HongKongDAO and BitCuped for Suspected Fraud
The SFC of Hong Kong warns against HongKongDAO and BitCuped for suspected fraud, blocking their websites and extending caution to other virtual asset platforms.
Hong Kong Security Chief Vows to Hunt Down JPEX Crypto Scam Ringleaders
Hong Kong authorities are intensifying efforts to apprehend the key operators behind JPEX, a cryptocurrency platform implicated in the city's largest alleged financial fraud. The police have arrested 15 individuals and seized assets worth HK$85 million ($10.8 million). Financial Secretary Paul Chan Mo-po emphasized the need for a proper regulatory framework for Web3-related businesses.
Hong Kong IFEC Warns Against Trading on Illegal and Foreign Platforms for Virtual Assets
The investor and Financial Education Council (IFEC), a public organisation under the Securities and Futures Commission (SFC), has issued a warning regarding the potential risks connected to unlicensed and foreign virtual asset trading platforms.