Hong Kong Securities and Futures Commission: Since March last year, it has been closely monitoring JPEX and has launched an investigation into its suspected illegal activities

ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) announced that it has been closely monitoring JPEX since March of this year and is investigating the platform for alleged false and misleading statements and unlicensed activities. Due to JPEX's continued uncooperative attitude and failure to provide substantial responses to the SFC's requests, the SFC included JPEX in its list of unlicensed companies and suspicious websites in July 2022.

The Hong Kong SFC stated that it confirms JPEX has never contacted the SFC regarding a possible license application, and that no entities under the JPEX group have been licensed by the SFC, nor have they applied to the SFC for a license to operate a virtual asset trading platform in Hong Kong. Therefore, there has been no communication between the SFC and JPEX regarding licensing matters.