The Hong Kong Securities and Futures Commission (SFC) issued a public warning about International Standard Carbon Assets Technology Co., Limited, an unlicensed virtual asset trading platform (VATP) also known as “iSCAT” or “iSCAT Exchange”, which it said had purported to operate in Hong Kong. The SFC said the platform claimed to provide cryptocurrency trading services and used social media to direct investors to its website and mobile application. It noted that operating a virtual asset exchange in Hong Kong and/or actively marketing such services to Hong Kong investors without a licence is an offence under the Securities and Futures Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, and it added iSCAT and its website to the SFC’s Suspicious Virtual Asset Trading Platforms Alert List.
Hong Kong Securities & Futures Commission 2025-01-10
Hong Kong Securities and Futures Commission warns public against unlicensed virtual asset trading platform iSCAT and adds it to its alert list
The Hong Kong Securities and Futures Commission (SFC) warned about International Standard Carbon Assets Technology Co., Limited, an unlicensed virtual asset trading platform known as "iSCAT" or "iSCAT Exchange". The platform allegedly operated in Hong Kong, offering cryptocurrency trading services without a licence, violating the Securities and Futures Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. iSCAT is now on the SFC’s Suspicious Virtual Asset Trading Platforms Alert List.