Hong Kong SFC flags Vebit as suspicious virtual asset trading platform

  • Hong Kong SFC listed Vebit as a suspicious virtual asset trading platform.
  • Five websites were identified as associated with Vebit’s online services.
  • Vebit was not licensed by the SFC and allegedly conducted unlicensed activities.

Hong Kong’s Securities and Futures Commission (SFC) has listed Vebit as a suspicious virtual asset trading platform and identified five associated websites. The regulator said Vebit claimed to offer spot, futures and futures copy-trading digital-asset services through those sites, but was not licensed by the SFC and allegedly conducted unlicensed activities.

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