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Zenger
Zenger
World
Lennox Kalifungwa

Hong Kong’s SFC Enhances Transparency Amid Crypto Scandal

SFC Hong Kong Crypto Securities and Futures Commission
Securities and Futures Commission(SFC) Officials and the police hold a press conference in Hong Kong on September 19, 2023 after the arrests of eight people with ties to cryptocurrency platform JPEX. HOLMES CHAN/AFP VIA GETTY IMAGES.

Following the crackdown on crypto exchange JPEX, currently embroiled in a HK$1.3 billion ($166 million) scandal, Hong Kong’s Securities and Futures Commission (SFC) is taking decisive steps to bolster transparency and investor protection.

One of the most notable actions is the publication of a list of virtual asset trading platforms (VATP) applicants, ensuring that the public is well-informed about entities seeking licensing in the region.

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