TechFlow reports that the Hong Kong Securities and Futures Commission (SFC) has announced it has been closely monitoring JPEX since March this year, investigating the platform over suspected false and misleading statements and unlicensed activities. As JPEX has consistently adopted a non-cooperative stance and failed to provide substantive responses to SFC's requests, the SFC added JPEX to its list of unlicensed firms and suspicious websites in July 2022.
The SFC stated it has confirmed that JPEX has never contacted the SFC regarding a potential license application, and no entity within the JPEX group holds a license issued by the SFC or has applied to operate a virtual asset trading platform in Hong Kong. Therefore, there has been no communication between the SFC and JPEX concerning licensing matters.
