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Hong Kong SFC Adds Globiance X to Unlicensed Crypto Trading Platform List

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Hong Kong SFC has added 'Globiance X Limited' and 'Globiance HK Limited' to its list of unlicensed virtual asset trading platforms, citing concerns over Countering the Financing of Terrorism and investor risks. The platforms, linked to globiance.com, reportedly caused withdrawal issues. The SFC aims to protect investors and ensure compliance, amid ongoing scrutiny of liquidity and crypto markets. The move has sparked debate over regulatory impact on blockchain innovation.
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