JPEX hikes withdrawal fee to almost $1K after Hong Kong watchdog warning By Cointelegraph
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Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 USDT (USDT) after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC), with its staff also reportedly going missing from its Token 2049 booth in Singapore.
On Sept. 13, the SFC, Hong Kong’s crypto watchdog, issued a warning against JPEX for allegedly promoting its services to the Hong Kong public despite not being licensed or applying for a license to operate in the jurisdiction. According to the SFC, JPEX has marketed itself on its website as a licensed and recognized platform despite being unregulated.
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© Reuters.
Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 USDT (USDT) after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC), with its staff also reportedly going missing from its Token 2049 booth in Singapore.
On Sept. 13, the SFC, Hong Kong’s crypto watchdog, issued a warning against JPEX for allegedly promoting its services to the Hong Kong public despite not being licensed or applying for a license to operate in the jurisdiction. According to the SFC, JPEX has marketed itself on its website as a licensed and recognized platform despite being unregulated.
Continue Reading on Coin Telegraph
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