Unlicensed Hong Kong Crypto Exchange JPEX Suspends Trading After Probe and Arrest

Hong Kong exchange JPEX suspends trading after probe and arrest by regulators
JPEX was operating in Hong Kong without a license, per the Securities and Futures Commission
Police received complaints about JPEX; exchange blames "unfair treatment" and market makers
JPEX to delist trading pairs and adjust withdrawal fees due to liquidity issues
Considering restructuring as a DAO; Taipei office reportedly vacated
Claims licenses in Australia and U.S. registration as Money Services Business
Token2049 booth abandoned; exchange token JPC down 21%

coindesk.com

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Posted 9/18/2023, 5:04:00 AM