According to news on September 25, in response to recent public concerns about the unregulated virtual trading platform, the Hong Kong Securities Regulatory Commission will take a number of measures to strengthen information dissemination and investor education.
CEO Liang Fengyi said that the China Securities Regulatory Commission will publish four lists of virtual assets online, including a list of licensed platforms, a list of completed platforms, a list of deemed licensed platforms and a list of new applicants. Secondly, the China Securities Regulatory Commission will publish a list of suspicious virtual asset trading platforms to help the public increase their vigilance against local platforms with unlicensed or suspicious operating behaviors. The China Securities Regulatory Commission will publish the relevant list on its website and consider providing more information about non-regulated platforms. Virtual asset platform information makes the public immediately vigilant.
Liang Fengyi pointed out that the China Securities Regulatory Commission will jointly carry out a series of publicity activities with investors and the Financial Education Committee to increase the public’s awareness of fraud prevention, strengthen investor education through the media, social media, lectures, etc., and deepen the public’s understanding of the risks related to virtual assets. Fraud awareness. The China Securities Regulatory Commission will also strengthen intelligence collection and follow-up, and take legal action against suspected illegal trading platforms. For example, if fraud is involved, it will be handed over to the police as soon as possible, and the public is encouraged to report suspicious activities through the SFC complaint form.
The SFC will also discuss with the police the establishment of a special channel to share information on suspicious activities and irregularities on virtual asset trading platforms, and will continue to work closely with the SAR government to review the regulatory system from time to time to adapt to new market trends. Liang Fengyi reminded the public that the scam itself is difficult to detect in advance. The public should be highly vigilant, beware of high-profit traps, and never trust the recommendations of online KOLs. If they want to invest, they should use a regulated virtual asset platform.
