The Securities and Futures Commission (SFC) of Hong Kong has issued warnings against the staking programs of Floki and TokenFi, labeling them as 'highly risky' and 'suspicious investment products.' Following the warnings, Floki has halted its staking program for Hong Kong-based investors. The team behind Floki has responded to the SFC's warning, asserting compliance and clarifying the staking program. The regulatory scrutiny on crypto activities in Hong Kong is evident as the SFC plans to release a consultation on regulating OTC crypto venues.
ICYMI: Hong Kong to release consultation on regulating OTC crypto venues https://t.co/DCohXeGph4
Cryptocurrency Project Floki Counters Hong Kong SFC’s Warning https://t.co/ZKKX5apBqE
Floki Responds to Hong Kong SFC's Warning, Asserts Compliance and Clarifies Staking Program https://t.co/ZKKX5apBqE
The team behind $floki has responded to a warning from Hong Kong's SFC which called its staking offering "a suspicious investment product." https://t.co/VfNW86jAkL
FLOKI staking will no longer be available to Hong Kong-based investors following a warning from regulators there that the program is a "suspicious investment product." https://t.co/l9K9WbPaov
Floki Halts Staking Program in Hong Kong After Regulator Warning ► https://t.co/DZdGH9krDw https://t.co/DZdGH9krDw
Memecoin Floki blocks Hong Kong users from staking programs amid regulatory warnings https://t.co/vTfKiwdHWB
The team behind $floki has responded to a warning from Hong Kong's SFC which called its staking offering "a suspicious investment product" @thesamreynolds reports https://t.co/lchfjldc9R
SFC Warns Against Unregulated Floki and TokenFi Crypto Staking Programs https://t.co/e2rTrr5oTq
Hong Kong's SFC Issues Warning on Floki’s ‘Highly Risky’ Staking Programs https://t.co/e2rTrr5oTq