Bybit is reportedly pursuing a VATP in Hong Kong as reported on February 1st.
Eleven of the Bybit exchange’s products are on the watchdogs warning list.
As of March 14, the cryptocurrency exchange Bybit was added to the warning list maintained by Hong Kong’s Securities & Futures Commission (SFC).
The regulator mentioned:
“The Securities and Futures Commission (SFC) today warns the public of an unlicensed virtual asset trading platform (VATP) known as Bybit, which offers trading services in crypto-related products in a number of jurisdictions.”
Non-compliance Issue
Eleven of the Bybit exchange’s products—including Bybit Futures, Options, Bybit Leveraged Tokens, Dual Assets, Bybit Lending, and Bybit Wealth Management—are on its warning list.
The regulator stated:
“The SFC is concerned that these products have also been offered to Hong Kong investors and wishes to make it clear that no entity in the Bybit group is licensed by or registered with the SFC to
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