The Hong Kong Securities Supervision Commission has reportedly warned the public to beware of an unlicensed virtual asset trading platform called International Standard Carbon Assets Technology Co., Limited, also known as "iSCAT" or "iSCAT Exchange." The Hong Kong Securities Supervision Commission stated that "iSCAT" and/or "iSCAT Exchange" purported to be a virtual asset trading platform that had operated in Hong Kong, providing cryptocurrency trading services and using social media platforms to promote investors to their websites and applications to invest in cryptocurrencies, under the Securities and Futures Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, it is an offence to operate a business of regulated activities and a business providing virtual asset services (i.e. operating a virtual asset exchange) in Hong Kong without a license and/or actively promoting such services to Hong Kong investors. In addition, the Hong Kong Securities Supervision Commission also announced that licensed virtual asset trading platform Hash Blockchain Limited reported 11 websites as fraudulent.