The Hong Kong Securities and Futures Commission (SFC)

Jiten171

The Hong Kong Securities and Futures Commission (SFC) warns the public to be cautious of two cryptocurrency-related products named "Floki Staking Program" and "TokenFi Staking Program." These products involve cryptocurrency staking services and claim to offer annualized returns ranging from 30% to over 100%. The SFC has not approved these products for sale to the Hong Kong public, and the managers have failed to demonstrate to the SFC how these products achieve their high annualized return targets. The SFC notes that the public in Hong Kong can access information about these products and related materials online, and as a result, on January 26, 2024, the SFC has posted information about these products on its warning webpage for suspicious investment products.

Indra55

It's unclear how it discovered such things.

Jafar224

Hong Kong is also very strict in this regard.

Isha000

The regulations there are quite stringent.

Samiksha

It's important to pay close attention to these aspects.