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The Hong Kong Securities and Futures Commission (SFC) has announced that it has identified six suspicious websites posing as licensed virtual asset trading platforms.
At the request of the regulator, portals mimicking major cryptocurrency exchanges in Hong Kong were blocked. Three pretended to be Hash Blockchain, and three more masqueraded as the OSL Digital Securities cryptocurrency service.
The reason for carrying out operational measures was the appeals of private crypto investors, who said that when performing operations to withdraw digital assets, they were charged exorbitantly high commission fees. The SFC asked law enforcement agencies for support in blocking websites and investigating their activities.
To avoid financial losses and theft of crypto assets, the SFC encourages investors to follow the Public Register of Licensed Individuals and Registered Institutions of the SFC, as well as the List of licensed platforms for trading virtual assets, which contains links to official websites.
In February, the SFC blacklisted eight fake domain names that mimic the address of the MEXC cryptocurrency platform. The leadership of the Ministry of Finance of this special administrative region of the People's Republic of China, presenting the city's budget for the year, announced plans to introduce a special legislative regime for issuers of stablecoins.
At the request of the regulator, portals mimicking major cryptocurrency exchanges in Hong Kong were blocked. Three pretended to be Hash Blockchain, and three more masqueraded as the OSL Digital Securities cryptocurrency service.
The reason for carrying out operational measures was the appeals of private crypto investors, who said that when performing operations to withdraw digital assets, they were charged exorbitantly high commission fees. The SFC asked law enforcement agencies for support in blocking websites and investigating their activities.
To avoid financial losses and theft of crypto assets, the SFC encourages investors to follow the Public Register of Licensed Individuals and Registered Institutions of the SFC, as well as the List of licensed platforms for trading virtual assets, which contains links to official websites.
In February, the SFC blacklisted eight fake domain names that mimic the address of the MEXC cryptocurrency platform. The leadership of the Ministry of Finance of this special administrative region of the People's Republic of China, presenting the city's budget for the year, announced plans to introduce a special legislative regime for issuers of stablecoins.
