July 3 (Cointime) - The official website of the Hong Kong Investor and Financial Education Committee issued a document "Virtual Assets Beware of Risks of Unlicensed and Overseas Trading Platforms", which reminds investors that the Hong Kong Securities Regulatory Commission has not yet approved any virtual asset trading platform to provide services to retail investors, and most of the existing Virtual asset trading platforms that are accessible to the public are not regulated by the China Securities Regulatory Commission. Investors should be careful about the risks of unlicensed and overseas trading platforms.

The Hong Kong Investment Commission stated that some trading platforms may be licensed or registered by overseas regulators, but in some regions, virtual asset trading platforms may only be lightly regulated without any investor protection measures. In addition, due to the cross-border nature, if a dispute arises, investors may need to "complain or recover across the mountain", and the process may be quite difficult. If the trading platform goes bankrupt or ceases to operate, it may be difficult for investors to file a claim or obtain compensation through legal means. If these trading platforms have no connection with Hong Kong, the local police and regulators may not be able to help.