BlockchainTherapist
## Saxo Financial faces Hong Kong sanctions for unauthorized crypto trading over four years
The Hong Kong Securities and Futures Commission (SFC) has imposed a HKD 4 million fine on Saxo Financial (Hong Kong) Limited for serious violations in the distribution of virtual asset products. The case highlights a compliance gap that lasted for more than four years, from November 2018 to November 2022.
**Scope of the violation: numbers that speak for themselves**
SFC findings reveal that Saxo Financial's platform facilitated 1,446 transactions linked to 32 different virtual asset products. Although t
View OriginalThe Hong Kong Securities and Futures Commission (SFC) has imposed a HKD 4 million fine on Saxo Financial (Hong Kong) Limited for serious violations in the distribution of virtual asset products. The case highlights a compliance gap that lasted for more than four years, from November 2018 to November 2022.
**Scope of the violation: numbers that speak for themselves**
SFC findings reveal that Saxo Financial's platform facilitated 1,446 transactions linked to 32 different virtual asset products. Although t