JUST IN:đđ°Hong Kong (SFC) today held a press conference today to announce a blacklist of suspicious cryptocurrency trading platforms following the JPEX hack
đ„Why This Happenedđ
â© The JPEX hack may turn out to be one of the largest in Hong Kong history
â©1,400 complaints were made to SFC following the JPEX hack estimated to be worth $166m $USD
â© Following public pressure SFC will publish a list of licensed virtual asset trading platforms (VATPs)
â© Many platforms are claiming to be registered but have only applied and have not been granted approval
â© Only two companies have been granted a license so far OSL and Hashkey
â© 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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