The securities and futures commissions today warns the public of unlicensed virtual asset trading platform known as Bybit, which offers trading services in crypto related products include: Bybit Futures; Bybit Options; Bybit Leveraged Tokens; Dual Asset; Liquidity Mining
The SFC is concerned that these products have been offered to Hong Kong investors. It is a criminal offence to carry out regulated activities without a license.
It is also an offence for any person to issue advertisements invitations or documents relating to these products to the Hong Kong public without SFC authorization.
Resources:
https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR47