Hong Kong SFC Flags Globiance and CoinCola for Unlicensed Crypto Trading
Hong Kong’s market regulator has warned investors to stay alert. The Hong Kong Securities and Futures Commission said two crypto platforms are operating without approval. The warning follows reports that the firms claim to offer virtual asset trading services in Hong Kong without holding the required licenses.
According to the Hong Kong Economic Journal, the SFC has added the platforms and their related websites to its official alert list. The move shows higher regulatory concern. It encourages the public to avoid…
