Hong Kong’s Securities and Futures Commission has added "FNXAI token" and "1FNXAI token" to its list of suspicious investment products related to digital tokens, according to an official notice cited by BlockBeats on Oct. 2. The regulator said the products involve digital tokens and claim that investors can use an artificial intelligence-driven trading platform to automate trades in U.S. stocks and a range of financial instruments. The stated aim of the products is to generate stable returns. The SFC also said the arrangements involve staking tied to virtual assets. The update places both token-linked offerings under the regulator’s suspicious investment products category.
Hong Kong’s Securities and Futures Commission has added "FNXAI token" and "1FNXAI token" to its list of suspicious investment products related to digital tokens, according to an official notice cited by BlockBeats on Oct. 2.
The SFC said the products involve digital tokens and claim that investors can use an artificial intelligence-driven trading platform to automate trades in U.S. stocks and a range of financial instruments, with the stated goal of generating stable returns. The arrangements also involve staking linked to virtual assets.
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