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<ul class="news-points"> 
 <li>The Hong Kong Police Force and Securities and Futures Commission have created a crypto-focused task force.</li> 
 <li>The task force will monitor suspicious activities of crypto exchanges within the region.</li> 
 <li>The authorities said the collaboration will help combat “problematic” crypto exchanges and protect investors.</li> 
</ul> 
Authorities in Hong Kong have set up a crypto-focused task force to monitor the activities of crypto exchanges in the country, according to an official statement. The joint collaboration between the government agencies comes in the wake of the <a href="https://coinedition.com/ongoing-jpex-scandal-sparks-sfc-crackdown-in-hong-kong/">JPEX scandal</a>. 
In particular, the task force is a collaboration between Hong Kong’s Securities and Futures Commission (SFC) and the police force. The group will work to detect suspicious activities at crypto exchanges. 
According to the SFC, the group was formed after the regulator met with the Hong Kong Police Force (HKPF). Prior to the meeting, the police had been arresting individuals in connection with the JPEX incident. 
Authorities allege the Dubai-based crypto exchange operated in Hong Kong <a href="https://coinedition.com/hong-kong-acts-against-jpex-crypto-exchange-influencer-faces-charges/">without a license and defrauded investors</a> of HK$1.6 billion ($204 million). So far, Bloomberg has reported that ove…
The post <a rel="nofollow" href="https://coinedition.com/hong-kong-sets-up-task-force-to-monitor-crypto-exchanges-after-jpex/">Hong Kong Sets up Task Force To Monitor Crypto Exchanges After JPEX</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Hong Kong Sets up Task Force To Monitor Crypto Exchanges After JPEX

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