Hong Kong SFC Issues Public Warning of Unlicenced Virtual Asset Trading Platform Sure X Also Known as Sure 9 & Sure Bit International, But Operates with Appearance of Providing Education & Training on Blockchain & Cryptocurrencies
5th April 2024 | Hong Kong
The Hong Kong Securities & Futures Commission (SFC) has issued a public warning of unlicenced Virtual Asset Trading Platform (VATP) Sure X (also known as Sure 9 & Sure Bit International), but operates with appearance of providing education & training on blockchain & cryptocurrencies. Hong Kong SFC: “The Securities and Futures Commission (SFC) today warns the public of a purported virtual asset trading platform (VATP) operating under the name of “Sure X” (also known as “Sure Bit International Pte Ltd / Sure Bit International Ltd / Sure 9”). The SFC suspects that Sure X may have actively marketed its purported VATP services to Hong Kong investors without a licence under the guise of providing education and training on blockchain and cryptocurrencies. Under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, it is an offence to carry on a business of providing a virtual asset service (ie, operating a virtual asset exchange) in Hong Kong and/or actively market such services to Hong Kong investors without a licence. While Sure X’s platform websites appear to be inaccessible, the SFC notes that Hong Kong investors, through other means via the internet, may still be able to access the websites and/or the purported trading platform and register as new users. The SFC thus posted Sure X and its websites on the Suspicious Virtual Asset Trading Platforms Alert List on 5 April 2024. Once again, the SFC cautions investors against trading virtual assets on unregulated VATPs. These platforms may adopt various means to indirectly promote their trading services, including offering seminars and courses that claim to provide “education and training” opportunities. Investors may risk losing their entire investment held on the platform if it ceases operation, collapses, is hacked or otherwise suffers from any misappropriation of assets. If in doubt about the licensing status of a VATP, please refer to the SFC’s List of licensed virtual asset trading platforms.”
“ Hong Kong SFC Issues Public Warning of Unlicenced Virtual Asset Trading Platform Sure X Also Known as Sure 9 & Sure Bit International, But Operates with Appearance of Providing Education & Training on Blockchain & Cryptocurrencies “
Hong Kong SFC Issues Public Warning of Unlicenced Virtual Asset Trading Platform Sure X Also Known as Sure 9 & Sure Bit International, But Operates with Appearance of Providing Education & Training on Blockchain & Cryptocurrencies
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- June 2024 - Hong Kong
- June 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Investment Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
