The Hong Kong's Securities and Futures Commission warned the public that MEXC had been operating without a license. https://play-lh.googleusercontent.com/nBnnope-6neuKH319fLVwJH2vouhLr6uy5nuIm_QZ1KEPkWwwyMwOSIY-ySnZTCmO1Mn
This warning from the SFC underscores the regulatory scrutiny and vigilance surrounding virtual asset trading platforms in Hong Kong. The SFC's actions aim to safeguard investors and the integrity of the financial system by addressing unlicensed and potentially fraudulent activities within the cryptocurrency space.
MEXC has been actively promoting its services to investors in Hong Kong. The SFC has underscored the illegality of such operations and has urged unlicensed platforms to exit the Hong Kong market by May 31, 2024. The SFC's vigilance in monitoring and investigating virtual asset trading providers (VATPs) engaging in illicit activities further emphasizes the importance of regulatory compliance within the cryptocurrency landscape.