Hong Kong Securities and Futures Commission: Bitcoin company CCN has no right to provide services in Hong Kong

     CCN Holdings now offers customers the ability to purchase green or carbon-neutral bitcoins, which it says will help save the rainforest, at least in theory.

     The Hong Kong Securities and Futures Commission has released its latest warning list, which includes unlicensed companies providing investment services to Hong Kong residents.

     The latest companies to join the list are: CCN Holdings Limited and CCN Networks Limited.

     The two companies offer their customers little green cards aimed at helping save the rainforest. In addition to being carbon neutral, the so-called little green cards offered on CCN Holdings Ltd.’s website use the blockchain technology and functionality of Bitcoin, it was explained.

     The Hong Kong Securities and Futures Commission pointed out in a warning that the company’s self-claimed address in Hong Kong was false.

     The Hong Kong Securities and Futures Commission also emphasized that CCN Holdings Limited and CCN Network Limited are not subject to its supervision and have no right to provide services in Hong Kong.