The Hong Kong Securities and Futures Commission condemns Victory Securities Limited, fines HKD 1.7 million and revokes its license

The Hong Kong Securities and Futures Commission has condemned Victory Securities Limited and imposed a fine of HKD 1.7 million, while temporarily revoking the licenses of the responsible personnel of Victory Securities Limited. Victory Securities Co., Ltd. has closed the virtual currency trading function of all identity users in Chinese Mainland in February, and only reserves the right to withdraw the currency. It no longer supports currency recharging and new transactions.