PANews reported on May 8 that StableStock and HabitTrade responded to the Hong Kong Securities and Futures Commission's (SFC) announcement regarding the promotional activities of certain platforms , according to platform statements. StableStock stated that it has implemented geo-blocking for Hong Kong users at the registration and trading levels and removed third-party promotional content that may reach Hong Kong users. It also stated that existing user assets, trading, and custody arrangements are unaffected.
HabitTrade emphasized that it is a licensed brokerage firm and compliant financial services platform in Australia, and has not conducted any regulated business in Hong Kong, nor has it promoted or provided services to the Hong Kong public. The company stated that it will take legal action against third parties who use its brand for unauthorized advertising or traffic generation, and will cooperate with regulatory investigations in relevant jurisdictions.




