Hong Kong's Securities and Futures Commission: If virtual asset trading platforms have no connection to Hong Kong, local law enforcement and regulatory agencies may not be able to provide assistance.

BlockBeats news on July 3rd: The Hong Kong Investor and Financial Education Committee issued a warning on its official website regarding the risks of unlicensed virtual assets and overseas trading platforms. It reminded investors that the Hong Kong Securities and Futures Commission has not yet approved any virtual asset trading platforms to provide services to retail investors, and most of the virtual asset trading platforms accessible to the public are not regulated by the Securities and Futures Commission. Investors should be cautious of the risks associated with unlicensed and overseas trading platforms. The Hong Kong Investor and Financial Education Committee stated that some trading platforms may be licensed or registered by overseas regulatory agencies, but some regions may only have light regulation on virtual asset trading platforms, and there are no investor protection measures in place. In addition, due to the cross-border nature of these platforms, investors may need to file complaints or claims across borders, which could be quite difficult. If the trading platforms go bankrupt or cease operations, investors may have difficulty making claims or obtaining compensation through legal means. If these trading platforms have no connection with Hong Kong, the local police and regulatory agencies may not be able to provide assistance.