HK SFC Lists AmazingTech as Suspicious Crypto Exchange Over Unlicensed Operations
On November 22, 2025, the Hong Kong Securities and Futures Commission (SFC) added AmazingTech to its warning list of suspicious crypto exchanges. The regulator flagged AmazingTech for operating a local virtual asset trading platform without a valid licence. AmazingTech claims to run onshore exchange services in Hong Kong but is suspected of unlicensed activities. This action highlights the SFC’s commitment to target unlicensed operators and clamp down on suspicious crypto exchanges. Traders relying on unregulated venues should steer clear of AmazingTech or any suspicious crypto exchange lacking proper licensing.
Bearish
The SFC’s warning against AmazingTech signals increased regulatory scrutiny. Such actions typically dent trader confidence, especially in unregulated platforms. In the short term, this may spur fund outflows from lesser-known exchanges and tighten risk appetites. Over time, heightened oversight can drive volume to licensed venues but may temporarily suppress broader market sentiment. Past warnings against unlicensed platforms, like those issued for Goldpay Token and Gold Receipt, led to swift declines in trading volumes for those products. Given the trend, this development may weigh on market stability and fuel cautious trading.