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Hong Kong SFC Plans to Restrict Unauthorized Entities From Using Terms Like "Crypto" and "Exchange"

  • The SFC's proposal targets unauthorized firms using terms like "crypto" and "exchange" to imply regulatory legitimacy they do not have.
  • The move is intended to curb investor confusion and reduce the risk of fraud linked to unlicensed virtual asset platforms operating in or targeting Hong Kong.
  • The restriction would apply specifically to entities lacking SFC licensing or authorization, reinforcing Hong Kong's broader push to tighten oversight of its virtual asset market.

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