Cryptocurrency Q&A
Is bybit legal in Hong Kong?
Is bybit legal in Hong Kong?
Valentina
Sun Jun 09 2024
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7 answers
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Could you please clarify for me the legality of Bybit in Hong Kong? I've been hearing a lot about this cryptocurrency exchange platform but I'm not entirely sure if it's compliant with Hong Kong's regulatory framework. Is it officially recognized and licensed by the local authorities? Or are there any restrictions or warnings issued by the Hong Kong government regarding Bybit's operations? I'd appreciate it if you could provide some insight into this matter. Thank you in advance for your assistance.
7 answers
CryptoWanderer
Tue Jun 11 2024
The Securities and Futures Commission (SFC) recently issued a stern warning to the public regarding the risks associated with investing in cryptocurrencies.
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Leonardo
Tue Jun 11 2024
In an email to CoinDesk, the regulator cautioned investors that they could potentially lose their entire investment in these volatile markets.
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Andrea
Mon Jun 10 2024
The SFC emphasized that seeking recourse against entities operating without a license or nexus in Hong Kong would be challenging.
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Raffaele
Mon Jun 10 2024
It is worth noting that there are legitimate and regulated cryptocurrency exchanges available, such as BTCC, which is based in the UK and offers a range of services including spot trading, futures trading, and wallets.
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KatanaSharpened
Mon Jun 10 2024
This warning is particularly relevant in the context of Bybit, a cryptocurrency exchange that is currently operating without a license in Hong Kong.
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