Hong Kong's Securities and Futures Commission (SFC) has warned investors about the cryptocurrency exchange Bybit and several of its offerings. The SFC highlighted Bybit's lack of licensing, cautioning investors about the risks of engaging with unlicensed entities. The regulator has added 11 Bybit products to its list of suspicious investments, raising concerns about potential risks for investors.

The SFC specifically flagged multiple products offered by Bybit, including futures contracts, options, leveraged tokens, and various other crypto-related services. These products have reportedly been marketed to investors in Hong Kong without proper authorization, potentially exposing them to significant financial risks.

Regulatory Compliance and Investor Protection

In Hong Kong, dealing in crypto-related products falls under regulated activities, requiring entities to obtain proper licensing from the SFC. The SFC emphasized its commitment to taking enforcement action against unlicensed activities, stressing the importance of investor caution.

Expect ongoing updates as this story evolves.