Hong Kong Watchdog Issues Alert for Bybit Crypto Exchange amid Licensing Process
Friday, 15 March 2024, 23:00
Overview:
The Securities and Futures Commission in Hong Kong has placed Bybit, a prominent crypto exchange, on an alert list, signaling regulatory concerns as the exchange's local unit seeks licensing approval in the city.
Alert Notice:
- Bybit: Named on the alert list by the regulator for suspicious virtual-asset products.
Regulatory Scrutiny:
Investors are cautioned against trading on Bybit due to ongoing investigations into its operations by the Hong Kong watchdog.
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