2026-01-07 05:25:32

The Hong Kong Securities and Futures Commission recently fined Saxo Financial (Hong Kong) Limited for distributing unapproved virtual asset funds and related products on online platforms without regulatory approval, violating regulatory rules. This enforcement case once again reminds the market: the sale of virtual asset-related products must be approved by regulatory authorities, and any behavior that bypasses compliance review will face severe penalties. For investors, it is especially important to choose platforms with legitimate financial licenses for trading.

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RektHunter

· 6h ago

Saxo has crashed again, and that's why I stick to the mainstream institutions. Unconventional methods will eventually be blacklisted.

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GlueGuy

· 14h ago

Saxo really deserves this time, insisting on taking risks...

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BlockchainFries

· 01-07 06:03

Another one, Saxo really went all out this time --- Compliance is no joke, you need to be more cautious --- No wonder some people keep stumbling, trying to make quick money by bypassing review --- So, choosing a platform still depends on licensing, don’t be greedy and suffer big losses --- This round of penalties serves as a strong warning, regulation of virtual assets is becoming stricter --- Saxo’s incident has taught all platforms a lesson --- As expected, the water in virtual assets is the deepest, and you can easily violate regulations if you're not careful --- If investors keep pouring money into such wild platforms, they are only inviting trouble on themselves --- Compliance costs are high, but fines are even more expensive. These people haven't calculated that clearly

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StakeHouseDirector

· 01-07 05:54

Saxo has been fined again, finally cracking down on these unruly ones. --- Compliance really has to be taken seriously in Hong Kong, or else there are too many loopholes. --- Basically, having a license makes a big difference compared to not having one. Don't be greedy for cheapness. --- I think these platforms will eventually crash, just a matter of who gets more unlucky. --- Regulation really needs to be strict; otherwise, investors will suffer huge losses with no one to compensate. --- Fortunately, I left early; this gray area is too dangerous. --- Why does it always have to be after something happens to impose penalties? Isn't it that hard to conduct pre-approval? --- Brothers, remember this: don't touch products without a license, or you'll lose both people and money.

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InfraVibes

· 01-07 05:53

Saxo really hit a snag this time. Not taking licensing seriously, and as a result, was heavily penalized by the Hong Kong Securities and Futures Commission.

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WagmiOrRekt

· 01-07 05:48

Saxo was directly wiped out by the Hong Kong Securities and Futures Commission in this wave. Serves them right, playing wild leads to this kind of end.

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GasFeeCrier

· 01-07 05:48

Here comes the reaping again, SGX has failed this time --- Is compliance really that difficult? Only after being fined do you understand --- You really need to be more careful when choosing a platform, don’t be fooled by flowery words --- Why do some people always think about taking the crooked path --- Now, investors also have to worry about whether the platform is reliable --- Can fines change anything? I think it’s uncertain --- HK Securities and Futures Commission is tough when they act, and it’s justified --- So how can you tell if a platform is legitimate? Can anyone provide a checklist --- Virtual assets are too complicated, I’d better stay away --- Still daring to be so blatant despite being non-compliant, they really have guts

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OnChainDetective

· 01-07 05:43

Saxo's recent mishandling of black box operations has truly backfired. I’ve been monitoring their fund flows on the chain for a while, and large transfers have surged dramatically. Now they’ve finally been fined. --- Another unapproved virtual asset fund. Do you dare to touch this kind of operation? I don’t believe there’s no institutional address behind the scenes pushing the buttons. --- Choosing a platform with a legitimate license sounds easy, but how many suspicious interactions are hidden within those wallet clusters? Who can guarantee they’re truly clean? --- The Hong Kong Securities and Futures Commission responded a bit slowly; I detected their abnormal activity at 2 a.m. --- Just a fine to brush it off? On-chain evidence is clear as day, and the source of funds definitely has issues.

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GamefiHarvester

· 01-07 05:32

Saxo's recent performance is truly disappointing. They dared to blatantly violate regulations in Hong Kong, and the Securities and Futures Commission swiftly took action and imposed penalties.

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