Read

<div class="protos">
 <div>
  <div>
   <div>
    <p>Dubai-based derivatives exchange <a rel="noopener noreferrer nofollow" title="Bybit" href="https://thebittimes.com/tag/bybit.html">Bybit</a> and 11 of its <a rel="noopener noreferrer nofollow" title="products" href="https://thebittimes.com/tag/products.html">products</a> have been listed as ‘suspicious’ by <a rel="noopener noreferrer nofollow" title="Hong Kong" href="https://thebittimes.com/tag/hong-kong.html">Hong Kong</a>’s market <a rel="noopener noreferrer nofollow" title="regulator" href="https://thebittimes.com/tag/regulator.html">regulator</a>.</p>
    <p>The country’s Securities and Futures Commission (SFC) added Bybit to its ‘Suspicious Virtual Asset Trading Platforms Alert List’ on Thursday.</p>
    <p>At the same time, it added a number of the company’s <a rel="noopener noreferrer nofollow" title="products" href="https://thebittimes.com/tag/products.html">products</a>, including ‘Futures Contracts and Inverse Futures Contracts,’ ‘<a rel="noopener noreferrer nofollow" title="Bybit" href="https://thebittimes.com/tag/bybit.html">Bybit</a> Leveraged Tokens,’ and ‘<a rel="noopener noreferrer nofollow" title="Bybit" href="https://thebittimes.com/tag/bybit.html">Bybit</a> Wealth Management’ to its ‘Suspicious Investment Products Alert List.’</p>
    <p>In a statement, the SFC said, “The SFC is concerned that these products have also been offered to Hong Kong investors and wishes to make it clear that <strong>no entity in the Bybit group is licensed by or registered with the SFC</strong> to conduct any ‘regulated activity’ in Hong Kong.”</p>
    <p>It added that it “will not hesitate to take enforcement action against unlicensed activities where appropriate.”</p>
    <p>This month, the SFC also issued warnings about Hong Kong-headquartered exchange BitForex after it shut down withdrawals and saw outflows of nearly $60 million.</p>
    <p><em>Read more: Crypto exchange BitForex shuts down withdrawals and disappears</em></p>
    <h2 class="wp-block-heading" id="h-coinbase-received-subpoena-possibly-linked-to-bybit">Coinbase received subpoena possibly linked to Bybit</h2>
    <p>Late last year, Coinbase reportedly contacted users, informing them of a subpoena it received from the Commodity Futures Trading Commission (CFTC) demanding user account information and transaction history.</p>
    <p>The email sparked speculation that the <strong>CFTC is targeting Coinbase users who interacted with <a rel="noopener noreferrer nofollow" title="Bybit" href="https://thebittimes.com/tag/bybit.html">Bybit</a></strong> — suggesting the commission may be preparing for legal action against the exchange.</p>
    <p>“We write to inform you that Coinbase has been served with a subpoena,” the email to select users read, “seeking information related to your account and account transaction activity.”</p>
    <figure class="wp-block-embed is-type-wp-embed is-provider-protos wp-block-embed-protos">
     <div class="wp-block-embed__wrapper">
      <blockquote class="wp-embedded-content" data-secret="3h4Y7Gqkuj">
       CFTC demands Coinbase user data in suspected Bybit probe
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“CFTC demands Coinbase user data in suspected Bybit probe” — Protos" src="https://protos.com/cftc-demands-coinbase-user-data-in-suspected-bybit-probe/embed/#?secret=3ftXrGTOZF#?secret=3h4Y7Gqkuj" data-secret="3h4Y7Gqkuj" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
     </div>
    </figure>
    <p>However, the email stated that Coinbase may decide to counter the CFTC subpoena — and therefore user information will not yet be handed over.</p>
    <p>“No action is required from you,” the email continued, “but Coinbase may respond to the Subpoena unless served before November 30, 2023 with a motion to quash or other objection to the subpoena that has been filed with the Court — including by sending information concerning your Coinbase account to the [CFTC].”</p>
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;</em><em>X</em><em>,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p>
   </div>
  </div>
 </div>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bybit-and-11-of-its-products-flagged-as-suspicious-by-hong-kong-regulator-tbt82533.html">https://thebittimes.com/bybit-and-11-of-its-products-flagged-as-suspicious-by-hong-kong-regulator-tbt82533.html</a></p>

Bybit and 11 of its products flagged as 'suspicious' by Hong Kong regulator

목차

TheBitTimes

2024년 3월 14일에 게재된 다른 기사

Finder Wallet Ruling Is Landmark Victory for Crypto Market, Here’s Why

What Opportunities Does Google’s AI Expansion Offer Taiwan?

Cryptocurrency Market Buzzes with Activity as Bitcoin Halving Nears

Giant Analysis Firm Announces That It Expects a Correction in Bitcoin! It Indicated a Fall to The...

Elon Musk Says America Bankruptcy Is Close, XRP To the Rescue

Bitcoin Falls More Than 4% In 24 hours

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!