[Victory Securities Reprimanded by Hong Kong SFC for Regulatory Violations, Fined HK$1.7 Million and License Suspended] Odaily Planet Daily News – According to the Hong Kong Securities and Futures Commission (SFC), Victory Securities Company Limited has been reprimanded and fined HK$1.7 million for regulatory violations, and the license of its responsible officers has been temporarily suspended. Earlier reports indicated that Hong Kong Victory Securities officially disabled all virtual currency trading functions for users with mainland China identities in February this year, retaining only withdrawal permissions and no longer supporting deposits or new transactions. The platform's continued measures to tighten services for mainland users, including previously prohibiting purchases and suspending new address verifications, aim to comply with Hong Kong SFC regulatory requirements and relevant mainland policies.