Is Mexc allowed in Hong Kong?

Could you please clarify whether the cryptocurrency exchange platform Mexc is permitted to operate in Hong Kong? I've heard some rumors about its legality in the region, but I'm not entirely sure. Given the increasing popularity of cryptocurrencies and the complexity of regulatory frameworks, it's essential to have accurate information. Could you provide any insights or point me to reliable resources that can help me understand the legal status of Mexc in Hong Kong? Thank you for your assistance in clarifying this matter.