JPEX’s latest announcement: It has been unfairly treated by the Hong Kong Securities Regulatory Commission and will “unswervingly continue to operate”

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JPEX’s latest announcement: It has been unfairly treated by the Hong Kong Securities Regulatory Commission and will “unswervingly continue to operate”

2023-09-18 10:40

According to Odaily’s official announcement, JPEX stated that in order to operate stably in Hong Kong, the platform has been working on preparing to cooperate with the cryptocurrency regulatory system before the end of the grace period of the license system, and has cooperated with the Hong Kong Securities and Futures Commission ( SFC) maintain communication. However, the Hong Kong Securities Regulatory Commission did not fulfill its promise and continued to treat JPEX unfairly. It sent letters to all JPEX partners requesting to terminate their cooperation with JPEX. On September 13, 2023, the China Securities Regulatory Commission also issued a statement against JPEX, which resulted in the third-party market makers the platform cooperated with maliciously locking funds and experiencing operational difficulties. In addition, JPEX said that it once again requested guidance from the Political Supervision Commission on September 15, 2023, but only received a response that it had been handed over to the police. However, JPEX stated that it would unswervingly continue to operate.

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