Hong Kong SFC Issues Alert on Bybit and Its Products

The Hong Kong Securities and Futures Commission (SFC) has issued a warning against the virtual asset trading platform Bybit. The alert pertains to multiple crypto-related products provided by Bybit that are suspected of being unlicensed and risky to investors located in Hong Kong. The SFC’s announcement aims to clarify the regulatory stance on virtual asset trading within the jurisdiction, emphasizing the need for platforms to obtain proper licenses for certain activities.