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Hong Kong SFC Adds StableStock and HabitTrade to Warning List on May 8

GateNews

Enforcement Actions Regulation & Policy

2026-05-08 11:28:01

According to the Hong Kong Securities and Futures Commission (SFC), the regulator added StableStock and HabitTrade to its warning list on May 8 after discovering that the unlicensed platforms were inducing the public to use their services through online videos. The platforms claimed they could facilitate cryptocurrency purchases of Hong Kong stock IPOs and were allegedly collaborating with each other. Neither platform holds an SFC license and is prohibited from conducting any regulated activities in Hong Kong or promoting services to Hong Kong residents.

The SFC reminded the public that unregulated platforms operate outside its oversight, leaving investors with minimal protections and risking total loss of funds.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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