Hong Kong SFC Issues Warning Against Unlicensed Platforms

The Hong Kong Securities and Futures Commission (SFC) has issued a warning regarding two unlicensed platforms, StableStock and HabitTrade. According to Foresight News, the SFC has added these platforms to its alert list after noticing online videos encouraging the public to use StableStock. The platform claims to allow the subscription of Hong Kong stock IPOs using virtual currency and alleges a partnership with HabitTrade. The SFC emphasized that neither entity is licensed by the commission and is prohibited from conducting any regulated activities or promoting services to the public in Hong Kong.