SCMP reported that Hong Kong police had received 83 complaints about the platform, which was operating without a license.
. “They demanded more information from the platform for negotiation, restricting our liquidity and significantly increasing our daily operating costs, leading to operational difficulties.”
Amid these liquidity challenges, JPEX said it will delist all transactions on its Earn Trading interface as of Monday, while ensuring ongoing orders and adjusting withdrawal fees. The exchange also said it is considering restructuring as a Decentralized Autonomous Organization ., and authorities have reportedly questioned Taiwanese influencers hired by the exchange.
On its website, JPEX says it is licensed by securities authorities in Australia and has registration with the U.S. Financial Crimes Enforcement Network as a Money Services Business .JPEX's thinly-traded exchange token, JPC,
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