According to Techub News, the Securities and Futures Commission (SFC) of Hong Kong warns the public to beware of an unlicensed virtual asset trading platform called "CoinUnited.io". CoinUnited.io claims to provide cryptocurrency, stock, index, foreign exchange and commodity trading services, and has claimed to have a flagship store in Hong Kong and recruit in Hong Kong, but it has never been licensed by the Hong Kong SFC, nor has it applied for any license from the Hong Kong SFC. According to the Securities and Futures Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, it is a crime to operate a business of regulated activities and a business of providing virtual asset services (i.e. operating a virtual asset exchange) in Hong Kong without a license and/or actively promote such services to Hong Kong investors. On July 25, 2024, the Hong Kong SFC included CoinUnited.io and its related websites in the SFC's warning list of suspicious virtual asset trading platforms.