The Hong Kong Securities and Futures Commission has added "Diamond Fund / Diamond Coin Issuance Company Limited" to the list of unlicensed companies.

TechFlow reports, on September 8, the Hong Kong Securities and Futures Commission (SFC) has listed "Kingstone Fund/Kingstone Coin Issuance Limited" as an unlicensed company. It is reported that the entity had previously claimed to have a Hong Kong address and provided a Hong Kong telephone number. The entity is suspected of conducting unlicensed activities in Hong Kong and targeting Hong Kong investors for marketing purposes, without being licensed or registered with the SFC to conduct regulated activities in Hong Kong under the Securities and Futures Ordinance.

The SFC stated that the entity must not engage in any regulated activities in Hong Kong, nor actively promote its services to the Hong Kong public (whether inside or outside Hong Kong).