There is a warning that needs to be widely disseminated. Recently, regulatory authorities in Hong Kong and Macau have named several unlicensed virtual asset trading platforms, including Globiance X Limited, Globiance HK Limited, and CoinCola (可盈可乐). These organizations claim to operate legally in Hong Kong to attract users, but in reality, they have not obtained the relevant business licenses from the authorities, and are operating as illegal platforms. The regulators have already included them on the risk warning list, reminding everyone not to invest money in them. When choosing an exchange, make sure to identify legitimate operators, verify business licenses and regulatory permits, and avoid being deceived by persuasive words.