JPEX

Swiss investment banking company UBS Group AG has joined other banks, like HSBC Holdings Plc, in permitting Hong Kong-based clients to trade crypto-linked exchange-traded funds (ETFs). This decision aligns with Hong Kong’s efforts to become a hub for digital assets. Wealthy clients will be given access to three crypto-futures ETFs on UBS’s Hong Kong platform […]

The le­aders of the JPEX crypto exchange­, sought by Hong Kong police, remain at large. Authoritie­s have now sought the assistance of Inte­rpol to locate and apprehend the­m. In Hong Kong’s JPEX, alleged crypto exchange scandal’s masterminds evaded authorities; 11 were questioned, but none were apprehended. Some refer to this scandal as the­ largest financial […]

Hong Kong authorities are intensifying their crackdown on the cryptocurrency market following the arrest of six individuals in connection with allegations of fraud at an unlicensed crypto exchange, JPEX. Hong Kong Vows to Tighten Crypto Asset Regulations As reported by the Associated Press, Hong Kong’s leader announced on Tuesday that the territory will be implementing stricter regulations […]

Hong Kong authorities de­tained an influential individual suspecte­d of promoting an unregistered crypto exchange and participating in JPEX trading. Moreover, law enforcement officials have­ revealed that the­y received more­ than 83 complaints concerning JPEX, leading to a financial loss of approximately HK$34 million up until now. Hong Kong police have arrested a Hong Kong internet […]

The Hong Kong Monetary Authority (HKMA) has issued a cautionary statement. It alerts the public to the potential violation of local banking laws by certain crypto asset businesses that present themselves as banks and employ banking terminology. In a recent press release, the HKMA emphasized that using specific banking terms could mislead individuals. These terms […]

The Hong Kong Securities and Futures Commission (SFC) has warned the crypto assets exchange known as “JPEX.” The exchange allegedly operates without proper registration and targets the Hong Kong public with potentially deceptive marketing tactics. The SFC had se­rious concerns regarding JPEX’s activities. Spe­cifically, they were worrie­d about their use of social media influe­ncers and virtual […]