In accordance with Coincu, the Hong Kong Securities and Futures Commission (SFC) has added 'Globiance X Limited' and 'Globiance HK Limited' to its list of suspicious virtual asset trading platforms. These entities, linked to the website globiance.com, are accused of operating unlicensed trading platforms, causing withdrawal issues for some investors. The SFC's action aims to protect investors from fraud and ensure compliance with legal standards. The move has drawn mixed reactions, with concerns about regulatory tightening affecting blockchain innovation.
Hong Kong SFC Adds Globiance X to Unlicensed Crypto Trading Platform List
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Summary
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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