Breaking: Hong Kong SFC says Binance is Not Authorized to Offer Services

Breaking: Hong Kong SFC says Binance is Not Authorized to Offer Services

Hong Kong SFC has become the latest regulator to issue a warning against Binance. The regulatory watchdog said Binance Group of companies are not licensed or authorized to offer any kind of services in Hongkong.

HONG KONG'S SFC SAYS NO ENTITY IN THE BINANCE GROUP IS LICENSED OR REGISTERED TO CONDUCT "REGULATED ACTIVITY" IN HONG KONG— *Walter Bloomberg (@DeItaone) July 16, 2021

Hong Kong became the eighth regulator to issue a warning against Binance for operating without the necessary license. Only a couple of days back, Italy’s top regulator CONSOB issued a similar warning against the world’s largest crypto exchange as its regulatory troubles continue to mount each day.

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