According to official information, the Hong Kong Securities and Futures Commission (SFC) warns 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 SFC stated that "iSCAT" and/or "iSCAT Exchange" claimed to be a virtual asset trading platform that had been operating in Hong Kong, providing cryptocurrency trading services and using social media platforms to recommend investors to its website and application to invest in cryptocurrencies. According to the Securities and Futures Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, it is a crime to operate a business of regulated activities and a business of providing virtual asset services (i.e. operating a virtual asset exchange) in Hong Kong without a license and/or actively promote such services to Hong Kong investors. In addition, the SFC also announced that the licensed virtual asset trading platform Hash Blockchain Limited reported 11 websites as fraudulent websites.