Hong Kong SFC Adds Four Suspected Unlicensed Platforms, Including HKTWeb3 and the Hong Kong Stablecoin Exchange

The Hong Kong Securities and Futures Commission (SFC) has broadened its watchlist, adding four entities to the Suspected Virtual Asset Trading Platform roster in the past two months. The new names are HKTWeb3, AmazingTech, 9M AI, and the Hong Kong Stablecoin Exchange, all flagged for operating without a license.

HKTWeb3 asserted on its site that it partners with a licensed virtual asset trading platform regulated by the SFC, a claim later contradicted by regulatory statements; the entity currently lacks the required license.

The Hong Kong Stablecoin Exchange claimed establishment by the Hong Kong Stock Exchange, the Hong Kong Futures Exchange, and Hong Kong Exchanges and Clearing Limited, yet there is no official affiliation. This underscores ongoing regulatory diligence and the need for investors to verify licensing status.