HK Regulator warns against unlicensed Trading platform MEXC

The Hong Kong regulator (Securities and Futures Commission) issued a warning against the unlicensed trading platform, MEXC. The Authority cautioned investors about dealing with MEXC due to its lack of proper licensing and regulation in Hong Kong. The authority stated that The entity purports to be a virtual asset trading platform operating at the above website. It has been targeting Hong Kong investors but is not licensed by the Securities and Futures Commission.

The SFC emphasized the risks involved in trading on unlicensed platforms and urged the public to exercise caution. The SFC's warning serves as a reminder for investors to prioritize safety and security when choosing where to invest their funds.

Investors are advised to be vigilant and conduct thorough research before engaging with any trading platform, especially those not licensed by regulatory authorities.

About SFC

The Securities and Futures Commission (SFC) is an independent statutory body set up in 1989 to regulate Hong Kong's securities and futures markets.

Its principal responsibilities include maintaining and promoting the fairness, efficiency, competitiveness, transparency, and orderliness of the securities and futures industry.

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