• Regulatory Notice: Hong Kong’s financial watchdog has issued a warning that crypto exchange MEXC has been functioning without the necessary licensing, raising compliance concerns.
• Operational Risks: This development underscores the importance of regulatory adherence in the rapidly evolving crypto space, especially for platforms operating in or targeting users from regulated jurisdictions.
• Call for Compliance: The incident serves as a reminder for crypto exchanges and service providers about the critical need to navigate and adhere to local and international regulatory frameworks.

Learn about the regulatory stance in Hong Kong on CoinDesk.