Hong Kong regulator moves against crypto exchange

SFC says JPEX is not regulated to trade in city as police arrest influencers linked to firm

Hong Kong _ junkboat _ Getty - web.jpg

Hong Kong police are investigating cryptocurrency exchange JPEX after the city’s Securities and Futures Commission (SFC) issued warnings over its “suspicious” business practices last week.

JPEX said it would shut down its Earn Trading interface for Hong Kong residents, in a statement issued on September 17. It said it would end trades and not accept new orders from today (September 18), citing operational difficulties and the need to comply with regulations.

The firm said third-party market

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