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Hong Kong's Securities Regulator to Publish List of Licensed and Suspicious Cryptocurrency Trading Platforms

The Securities and Futures Commission (SFC) in Hong Kong has pledged to increase its efforts to combat unregulated cryptocurrency trading platforms in its jurisdiction. To help members of the public identify potentially unregulated virtual asset trading platforms (VATPs), the SFC will publish a list of all licensed, deemed licensed, closing down, and application-pending VATPs.

The SFC will also issue a dedicated list of "suspicious VATPs" which will be prominently featured on the regulator's website. The move comes after the recent JPEX crypto exchange scandal, which has resulted in a financial fallout of around $178 million, and the SFC is working with local police to establish a dedicated channel for citizens to share information on suspicious activity and potential legal breaches by VATPs.

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