The Hong Kong Securities and Futures Commission has listed iSCAT as a suspicious virtual asset trading platform and announced 11 fraudulent virtual a

the Hong Kong Securities and Futures Commission warns the public to be cautious of an unlicensed virtual asset trading platform named International Standard Carbon Assets Technology Co., Limited, also known as "iSCAT" or "iSCAT Exchange". The Hong Kong Securities and Futures Commission stated that "iSCAT" and/or "iSCAT Exchange" claim to be a virtual asset trading platform that has previously operated in Hong Kong, providing cryptocurrency trading services and promoting investment in cryptocurrency through social media platforms. According to the Securities and Futures Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, it is a crime to operate unlicensed regulated activities and provide virtual asset services in Hong Kong (i.e. operating a virtual asset trading platform) and/or actively promoting such services to Hong Kong investors.

In addition, the Hong Kong Securities and Futures Commission also announced that licensed virtual asset trading platform Hash Blockchain Limited reported 11 websites as fraudulent websites.