#Hong Kong Securities and Futures Commission names iSCAT#
Hot Topic Overview
Overview
The Securities and Futures Commission (SFC) of Hong Kong has recently named iSCAT as a suspicious virtual asset trading platform and published a list of 11 fraudulent virtual asset trading websites. iSCAT claims to operate in Hong Kong and provide cryptocurrency trading services, but it has not actually been licensed by the SFC. The SFC reminds the public that it is illegal to operate regulated activities or provide virtual asset services without a license in Hong Kong, and advises investors to choose virtual asset trading platforms carefully to avoid investment fraud.
Ace Hot Topic Analysis
Analysis
The Hong Kong Securities and Futures Commission (SFC) has recently named iSCAT as a suspicious virtual asset trading platform and published a list of 11 fraudulent virtual asset trading websites. iSCAT, or International Standard Carbon Asset Technology Limited, claims to have operated in Hong Kong, providing cryptocurrency trading services and promoting investor access to its website and app through social media platforms. However, the SFC stated that iSCAT has not been licensed by it and that operating regulated activities or providing virtual asset services without a license in Hong Kong is illegal. The SFC added iSCAT and its related websites to its list of suspicious virtual asset trading platforms on January 10, 2025, and reminded the public to be wary of such unlicensed platforms and avoid investment risks. In addition, the SFC also published a list of 11 fraudulent virtual asset trading websites, reminding investors to be vigilant.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
iSCAT is an unlicensed virtual asset trading platform operating in Hong Kong and providing cryptocurrency trading services.
iSCAT promotes investor access to its website and mobile application for investment through social media.
iSCAT operating regulated activities or providing virtual asset services in Hong Kong without a license is illegal.
The Hong Kong Securities and Futures Commission has listed iSCAT on its warning list of suspicious virtual asset trading platforms.