The Hong Kong Securities and Futures Commission (SFC) has placed Globiance X Limited / Globiance HK Limited on the list of suspicious virtual asset trading platforms due to suspected unlicensed operations and investor feedback about difficulties in withdrawing assets.
Information published on 24/12. The SFC stated that two entities, Globiance X and Globiance HK, promote and operate a virtual asset trading platform, while also receiving feedback from investors regarding issues with withdrawing cryptocurrency or assets.
MAIN CONTENT
SFC adds Globiance X/Globiance HK to the suspicious list.
Suspected operation of a cryptocurrency platform without a license.
Investors report difficulty in withdrawing assets from the platform.
SFC warns Globiance X and Globiance HK
SFC identifies Globiance X and Globiance HK as having promoted and operated a virtual asset trading platform, suspected of engaging in unlicensed activities in Hong Kong.
According to the announcement on 24/12, SFC adds 'Globiance X Limited / Globiance HK Limited' to the list of suspicious virtual asset trading platforms. This agency states that the two names 'Globiance X' and 'Globiance HK' have promoted and operated a cryptocurrency-related platform.
The focus of the warning is the suspicion of unlicensed operations. Being placed on the suspicious list is often meant to warn investors of risks when using services of platforms suspected of not complying with legal requirements.
Reflecting on the difficulty of withdrawing assets from investors
Some investors reported difficulties in withdrawing assets from Globiance X / Globiance HK, according to SFC.
SFC stated that it has received reports from investors regarding difficulties in withdrawing assets. This information is noted along with the observation that the aforementioned platforms are suspected of operating without a license.
In the context of liquidity and operational risks of cryptocurrency exchanges, reflections on asset withdrawals are often signs that investors should pay special attention to the operational status, compliance, and ability to handle withdrawal requests of the platform.
Source: https://tintucbitcoin.com/sfc-hong-kong-liet-ke-keying-cola-dang-ngo/
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