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<ul><li>SFC unveils a comprehensive list of virtual asset trading platforms, categorizing them based on their licensing status.</li><li>Julia Leung clarifies that a license application does not guarantee full compliance with regulations.</li><li>The announcement follows the financial turmoil caused by the JPEX crypto exchange scandal, urging caution among investors.</li></ul>Taking a significant step to strengthen its regulatory framework, Hong Kong&#39;s Securities and Futures Commission (SFC) <a href="https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo&#61;23PR106" rel="noopener noreferrer nofollow">announced</a> plans to unveil a comprehensive list of virtual asset trading platforms (VATPs). This list will categorize the platforms into those that are licensed, pending licenses, or shutting down. The SFC will also maintain a separate list of &#34;suspicious VATPs,&#34; which will be made publicly available on its <a href="https://www.sfc.hk/en/" rel="noopener noreferrer nofollow">website</a>.During a September 25 press conference, <a href="https://cryptotale.org/hk-sfc-ceo-spotlights-chinas-one-country-two-systems-model/" rel="noopener noreferrer nofollow">SFC&#39;s CEO</a>, Julia Leung Fung-yee, emphasized the importance of license applications. She clarified that being an applicant does not necessarily imply full compliance with SFC regulations. The conference was part of the SFC&#39;s response to public demand for greater transparency, especially in the wake of the JPEX scandal.The SFC&#39;s announcement comes on the heels of the JPEX crypto exchange scandal, which has had a financial impact estimated at around $178 million. The Dubai-based exchange abruptly ceased some of its operations and increased withdrawal fees due to a liquidity crisis.Read full article at <a href="https://cryptotale.org/sfc-to-release-comprehensive-list-of-unregulated-crypto-platforms/" rel="noopener noreferrer nofollow">CryptoTale.</a>

SFC to Release Comprehensive List of Unregulated Crypto Platforms

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