PANews reported on June 28 that the Hong Kong Securities and Futures Commission today warned the public to beware of entities operating under the names of "Tokencan", "Hong Kong Weibi Crypto Assets" and "HKD.com Corporation" that are suspected of engaging in virtual asset-related fraud activities and/or claiming to operate virtual asset trading platforms in Hong Kong without obtaining a license.
The Hong Kong Police Force has taken action to block the relevant websites and social media pages. The SFC has also included Tokencan, Hong Kong Weibi Crypto Assets and HKD.com Corporation, as well as their respective websites, on the warning list.
The SFC warns the public not to trade virtual assets on unregulated virtual asset trading platforms. If the platform ceases operations, closes down, is hacked or any assets are misappropriated, investors may lose all their investments on the platform.
