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Deep Tide TechFlow news: On July 24, according to the Hong Kong Securities and Futures Commission, Victory Securities Limited was censured and fined 1.7 million yuan by the SFC for violating regulatory requirements, and the licenses of the individuals responsible were temporarily suspended.
Previously reported, in February this year, Hong Kong Victory Securities announced that it would shut down the virtual currency trading functions for all mainland China identity users, keeping only withdrawal permissions and no longer supporting deposits and new trades. Its platform’s continuing measures to gradually tighten services for users in the mainland, including earlier prohibitions on buying, suspending new address verification, and other related measures, are intended to comply with the SFC’s regulatory requirements and relevant mainland China policies.