The post Hong Kong’s SFC Warns Unregistered Crypto Exchange JPEX! appeared first on Coinpedia Fintech News
Hong Kong’s Securities and Futures Commission (SFC) has warned unregistered cryptocurrency exchange JPEX that it may face criminal charges for marketing its services to the Hong Kong public. The SFC also expressed concern over JPEX’s high-earning service, which offers a return of up to 20% and is suspected of being an extremely risky investment. The warning is part of the SFC’s broader crackdown on unregistered cryptocurrency exchanges and fraudulent activities in the region. Investors are advised to exercise caution and report any suspicious activities to the authorities.