Hong Kong’s Securities and Futures Fee Points Warning to JPEX Trade
The Securities and Futures Fee (SFC) of Hong Kong has issued a warning in opposition to cryptocurrency alternate JPEX, citing “suspicious options”.
JPEX Trade Receives Warning From Hong Kong’s Securities and Futures Fee
The SFC additionally acknowledged that JPEX was falsely marketed as having looked for a VATP license by on-line influencers and over-the-counter digital asset cash changers (OTC retailers). The regulator suggested traders to watch out of such statements and to train warning when contemplating funding potentialities that seem too good to be true.
In response to the SFC’s warning, JPEX issued an announcement stating that the corporate intends to change its enterprise practices and procedures. The dialog talked about plans to type a particular activity power to debate future growth instructions and different adjustments. JPEX additionally indicated its need to hunt for a crypto buying and selling license, however supplied no info on the standing of the applying course of.
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