Hong Kong's SFC issued a warning against the exchange for promoting its services in Hong Kong without securing proper licenses.
Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 Tether after receiving a warning from Hong Kong’s Securities and Futures Commission . The staff of the exchange has also been reportedly missing from its Token 2049 booth in Singapore.a warning against JPEX for actively promoting its services to the Hong Kong public despite not being licensed or applying for a license to operate in their jurisdiction.
According to the SFC, they've already notified the relevant opinion leaders and over-the-counter stores of their suspicions about the exchange and asked them to cease promoting the exchange's services.
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