The Investors and Financial Education Committee (IFEC) under the Securities and Futures Commission (SFC), the Hong Kong securities regulator, stated that some trading platforms may be licensed or registered by overseas regulatory agencies, but given that each region has different standards for platform supervision , some regions may only lightly regulate virtual asset trading platforms without any investor protection measures. In addition, due to the cross-border nature, if a dispute occurs, the investor recovery process will be quite difficult. If the trading platform goes bankrupt or ceases operations, it may be difficult for investors to obtain compensation through legal channels. If these trading platforms have no connection with Hong Kong, law enforcement and regulatory agencies may not be able to provide assistance.