JUST IN:🇭🇰Hong Kong (SFC) today held a press conference today to announce a blacklist of suspicious cryptocurrency trading platforms following the JPEX hack
💥Why This Happened👇
⏩ The JPEX hack may turn out to be one of the largest in Hong Kong history
⏩1,400 complaints were made to SFC following the JPEX hack estimated to be worth $166m $USD
⏩ Following public pressure SFC will publish a list of licensed virtual asset trading platforms (VATPs)
⏩ Many platforms are claiming to be registered but have only applied and have not been granted approval
⏩ Only two companies have been granted a license so far OSL and Hashkey
⏩ Also only four institutions have applied for licenses, HKVAX, HKBitEx, Hong Kong BGE Limited and Victory Fintech Company Limited (all Hong Kong local)
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