JPEX has questioned the SFC's commitment to a crypto-friendly environment in Hong Kong in response to the regulator's warning.
a statement outlining its commitment to align with regulatory requirements. The cryptocurrency exchange also revealed its intent to modify business practices and policies.. Additionally, JPEX announced the formation of a special task force dedicated to future development directions and further regulatory compliance.
a stern warning against JPEX, citing concerns over “suspicious features” and the absence of essential licensing required to operate legally in Hong Kong.Concerns raised over licensing JPEX has expressed its intention to apply for a crypto trading license. However, the company was unable to provide concrete details regarding the status of its application process at press time.
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