Hong Kong Regulator Flags HKTWeb3, AmazingTech, 9M AI, and Hong Kong Stablecoin Exchange for Unlicensed Operations

Hong Kong Regulator Flags HKTWeb3, AmazingTech, 9M AI, and Hong Kong Stablecoin Exchange for Unlicensed Operations

Hong Kong’s SFC adds four platforms to its list of suspicious virtual asset operations for alleged unlicensed activities and false claims of institutional affiliations.

Fact Check
The evidence provided strongly and consistently supports the statement. All eight sources, including multiple independent crypto news outlets and data platforms, report that a regulatory body in Hong Kong—specifically the Securities and Futures Commission (SFC)—took action against an entity named 'Hong Kong Stablecoin Exchange'. The sources unanimously state that the SFC added this entity to its public warning list of suspicious entities or suspicious virtual asset platforms. This action is the functional equivalent of issuing a public warning. While the sources use the term 'suspicious' rather than the exact phrase 'fraudulent claims', a public warning about a 'suspicious' financial platform from a regulator inherently implies concerns over misrepresentation, unauthorized activity, or potentially fraudulent behavior. Therefore, the statement is a factually sound and accurate summary of the event. The consistency across all sources, with no conflicting information, establishes a high level of confidence in the statement's truthfulness.
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Summary

On December 17, 2025, Hong Kong’s Securities and Futures Commission (SFC) added HKTWeb3, AmazingTech, 9M AI, and Hong Kong Stablecoin Exchange to its list of suspicious virtual asset platforms. The SFC accused the platforms of unlicensed operations, with two of them allegedly making false claims of ties to major exchanges or institutions, including Hong Kong Exchanges and Clearing Limited (HKEX).

Terms & Concepts
  • Securities and Futures Commission (SFC): The financial regulator of Hong Kong responsible for overseeing securities and futures markets.
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value by pegging it to a reserve asset like the US dollar.
  • Virtual Asset Trading Platform: An online service that enables users to buy, sell, or exchange cryptocurrencies and other digital assets.