
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.
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).