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HometechHong Kong to reveal crypto applicants’ names as JPEX scandal worsens

Hong Kong to reveal crypto applicants’ names as JPEX scandal worsens

Tech

Hong Kong’s SFC to publish names of cryptocurrency platform applicants, walking back on reluctance in face of ‘public demand’

The Securities and Futures Commission (SFC) will publish the list due to public demand, said its CEO Julia Leung Fung-yeeBeing an applicant does not mean the companies are fully compliant with the SFC’s regulations, she addedSFCXinmei ShenandNatalie WongPublished: 11:47am, 25 Sep, 2023Why you can trust SCMP

Hong Kong’s securities regulator said it would publish a list of companies that had applied for licences to offer cryptocurrency trading services to retailers, walking back on its reluctance to do so in the face of public backlash over JPEX’s debacle.

The Securities and Futures Commission (SFC) will publish the list due to public demand, said the regulator’s chief executive officer Julia Leung Fung-yee, at a press conference today. Being an applicant does not mean the companies are fully compliant with the SFC’s regulations, she added.

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The cryptocurrency scandal gripping Hong Kong

The cryptocurrency scandal gripping Hong KongOnly two cryptocurrency trading platforms – OSL Digital Securities Limited and Hash Blockchain Limited – had been licensed to serve Hong Kong’s retail customers since the SFC’s new virtual asset rules came into effect on June 1.

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