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Hong Kong Securities Supervision Commission warns public to beware of unlicensed virtual asset trading platforms CoinUnited.io

On July 25, the Hong Kong Securities Regulatory Commission issued a warning to the public to beware of an unlicensed virtual asset trading platform called "CoinUnited.io". The Hong Kong Securities Supervision Commission placed CoinUnited.io and its related websites on the Hong Kong Securities Supervision Commission's Alert List of Suspicious Virtual Asset Trading Platforms on July 25, 2024. CoinUnited.io claims to provide cryptocurrency, stock, index, foreign exchange and commodity trading services, and has claimed to have flagship stores and recruitment in Hong Kong, but it has never been licensed by the Hong Kong Securities Supervision Commission and has never applied for any license from the Hong Kong Securities Supervision Commission.