Hong Kong Watchdog to Increase Oversight After Crypto Exchange Probe

Hong Kong securities watchdog SFC to publish list of crypto exchange license applicants after JPEX probe
JPEX probe led to multiple arrests in Hong Kong, highlighted risks of unregulated platforms
SFC says incident shows need for proper regulation to maintain market confidence
SFC will enhance dissemination of info to public through warnings and education
Hong Kong Chief Executive emphasized licensed crypto platforms needed to protect investors

coindesk.com

Relevant topic timeline:

9/25/2023

Hong Kong Regulator to Publish Crypto Platform License Applicants After Backlash Over JPEX Scandal

Hong Kong's Securities and Futures Commission (SFC) will publish a list of companies that have applied for cryptocurrency trading licenses, following public demand and in response to the backlash over JPEX's unauthorized operations. However, being an applicant does not imply full compliance with SFC regulations.

9/25/2023

Hong Kong to Publish List of Licensed Crypto Platforms After $178M JPEX Scandal

The Hong Kong Securities and Futures Commission plans to release a public list of suspicious cryptocurrency trading platforms following the JPEX scandal, in an effort to combat unregulated platforms and maintain market confidence.