The Hong Kong regulator has added 11 products of the Bybit exchange to the list of suspicious investments
The SFC has issued a warning regarding the Bybit crypto exchange. The regulator has added 11 of the company's products to the list of suspicious investments.
The Hong Kong Securities and Futures Commission (SFC) has issued a warning regarding the Bybit cryptocurrency exchange. Representatives of the regulator said that investors could lose all their funds held in the company's account.
According to government resources, the SFC has added 11 crypto exchange products to the list of suspicious investment decisions. Among them are the following services:
- Bybit Futures Contracts and Inverse Futures Contracts;
- Bybit Options;
- Dual Asset;
- Dual Asset 2.0;
- Liquidity Mining;
- Bybit Landing;
- ETH 2.0 Liquid Betting and others.
"The agency is concerned that these products were offered to Hong Kong investors, and would like to clarify that none of the Bybit Group companies is licensed or registered with the SFC to conduct any regulated activities," the agency said.
The company noted that it could not comment on specific decisions of the regulator. Due to the need for products to meet certain requirements, they may not be available in various regional markets, Bybit said.
At the same time, representatives of the exchange indicated that they are in constant dialogue with the regulatory authorities of Hong Kong and try to comply with all requirements.
