The country started accepting applications for crypto firms to get a license to operate in the county June last year."The SFC will not hesitate to take enforcement action against unlicensed platforms where appropriate," the SFC said in an emailed statement.
This is not the first time MEXC has fallen foul of regulators. Last April Japan's Financial Services Agency said the exchange had beenThe consumer alert is the SFC's second this week as Hong Kong tries to establish its regulatory regime for the crypto industry. Yesterday it singled outin a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
Source: News Formal (newsformal.com)
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