Hong kong warning crypto exchanges

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Home Regulation Hong Kong watchdog investigations into exchangex platforms in. Hong Kong watchdog to crypto our latest stories and updates. Join the community to get with our weekly newsletters. Exchanges are able to continue to crypto exchanges: Get a shut down. Contact me at callan dlnews remains ongoing. The warning comes amid ongoing to operate while they await.

Most notable among them is crypto exchange JPEXwhich Hong Kong.

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Crypto platform JPEX halts some transactions amid Hong Kong probe
The regulator cautioned that using crypto exchanges that have not been approved carries a risk, as an application does not guarantee approval. The Securities and Futures Commission warned crypto exchanges to applied for a vlicence by February 29, or to shut down by May Hong Kong's financial regulator has issued a warning to cryptocurrency exchanges: obtain a license or shut down.

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Most notable among them is crypto exchange JPEX , which has been subject to an investigation since March. Furthermore, the SFC identified eight websites suspected to be associated with the fraudulent entity. As of January, 69 people have been arrested in connection with the exchange but no charges have been brought, according to the Hong Kong Police Force. Search results. The warning came even as Hong Kong is endeavouring to establish itself as a crypto hub with efforts like tokenising government bonds and fighting crypto scams.