Hong Kong Adds Bybit to its Warning List
Main page News, Cryptocurrency Exchanges, Hong Kong

Hong Kong's Securities and Futures Commission (SFC) yesterday added crypto exchange Bybit to its list of warnings.

The regulator expressed concern over Bybit's unlicensed platform offering cryptocurrency-related products to Hong Kong investors and stated that no entity within the Bybit group is licensed or registered with the SFC to conduct regulated activities in the city.

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Bybit's website offers 11 products that have been included on the warning list, such as Bybit Futures, Bybit Options and Bybit Leveraged Tokens. According to the SFC, crypto products must be licensed and approved by the SFC before they can be offered to Hong Kong residents.

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Despite reports that Bybit was seeking a virtual asset trading operator license in Hong Kong, the SFC warning refers to its unlicensed platform, bybit.com, owned by Bybit Fintech Limited in Seychelles.

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