2025-12-31 07:24:50

Hong Kong Victory Securities has issued a notice to clients, announcing that in accordance with the latest regulatory guidelines from the Hong Kong Securities and Futures Commission (SFC), effective January 2, the service scope will be adjusted for users with mainland Chinese identity verification and mainland IP addresses. Specifically, these users will no longer be able to use services such as new address verification, deposit, and withdrawal. However, existing users who have already completed account registration and identity verification are not affected and can continue to manage their cryptocurrency holdings within their accounts independently, as well as retain the right to withdraw tokens from the platform. This move reflects the gradual regulation of cross-border cryptocurrency activities by Hong Kong regulators.

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AlwaysMissingTops

· 11h ago

Here we go again, mainland IPs are being restricted again. I knew it would come to this; regulation keeps tightening layer by layer. New users can't deposit coins directly, but old users can still withdraw, which is quite a paradox. The Hong Kong dollar circle is probably half done for. People who left early are probably laughing secretly now. Compliance really is a bottomless pit; no matter how much you tinker, it never ends. It feels like they're just pushing people out; who would still dare to invest here? Now the domestic market will probably have to find new channels to go overseas.

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GasFeeTherapist

· 11h ago

New users are once again kept out; the earlier you join, the sooner you can enjoy it.

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gm_or_ngmi

· 11h ago

Here it comes again, isn't the HKEX trying to block new users this time... Hong Kong is really getting stricter, no wonder so many people are rushing to Singapore. Existing users are fine, but new users are just GG. I don't understand this differential treatment. Starting from January 2nd? I'll rush to buy some now haha. SFC's move is still somewhat clever. Another wallet turned into a withdrawal machine, web3 freedom has become a joke indeed. Mainland users are locked out again, is this some kind of progress? Feels like all exchanges are gradually shutting down, staying means waiting for death. New users can't come in, old users can't leave, are they holding us hostage?

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ProofOfNothing

· 11h ago

Here we go again, same trick, just change the VPN IP and it's done.

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AirdropHarvester

· 11h ago

Another wave of new regulations to cut leeks, mainland users continue to suffer Starting January 2nd, they have to find new places again, these restrictions are so annoying Brothers who have already gotten on the train can still play, latecomers can only watch in frustration Hong Kong's methods are indeed ruthless, regulators are tightening step by step That's why I transferred my coins out early, the only way to avoid the tricks

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PumpingCroissant

· 11h ago

Here comes the harvest again, this time citing regulation as the reason, haha --- Mainland users are starting to be treated differently, as expected --- New users caught in the crossfire are having trouble depositing --- Hong Kong exchanges are becoming more and more difficult, still relying on VPNs --- Existing users get the early benefits, newcomers just get the bad luck --- Keep messing around like this, everyone will leave sooner or later --- Regulation + harvesting, a perfect combo --- It's the same old story, if you can run, just run, everyone --- It sounds nice, but it's actually just pushing people out --- It's time to go overseas

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