Hong Kong Regulator Says Crypto Exchange MEXC Has Been Operating Without a License
Summary
Hong Kong's Securities and Futures Commission (SFC) has issued a public warning that crypto exchange MEXC is operating without a license in the territory. The SFC has stated it will take enforcement action against unlicensed platforms if necessary. This is not the first regulatory issue for MEXC, as it has previously been flagged by Japan's Financial Services Agency and Germany's Federal Financial Supervisory Authority for operating without registration. This warning is part of Hong Kong's efforts to establish a regulatory regime for the crypto industry, with the SFC having started consultations on rules last year and requiring firms to obtain a license to operate from June 1.
