🚹 Hong Kong SFC warns 7 crypto exchanges operating illegally! 🚹

- 7 new exchanges were added to the warning list: Taurusemex, Yomaex, Bitones.org, BTEPRO, CEG, XTCQT, Bstorest.

- These exchanges are suspected of fraud, blocking withdrawals and demanding fees to reopen.

- From the beginning of 2024, HK has required all crypto exchanges to apply for a license before May 31.

- Many exchanges withdrew their applications right before the deadline.

- HK is promoting a technology center for crypto startups in Toronto.

What do you think about these measures? 💬👇

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